THE GIVING OF STOCK
TAX-SMART WAYS TO GIVE
Did you know you can support FRIENDS OF JACK PRIMATE SANCTUARY in a unique way by donating stocks, bonds, or mutual funds?Making this type of donation is a powerful way to give that offers advantages both to you and to our mission. Here’s why it might be the perfect giving option for you:
Below is more information in this form of giving. We’re happy to help you explore this impactful way of giving!
Contact Us at [email protected] or please call us at 1-408-348-4506.
Why Donate Stock, Bonds, or Mutual Funds?
Tax Benefits
By donating appreciated assets, like stocks or bonds, to a non-profit like Friends of JACK Primate Sanctuary, you can often avoid capital gains tax. This means you could be saving more on taxes than if you sold the assets and then donated the cash. This kind of giving allows you to make a larger impact at a lower net cost to you.
Simplified Giving
Donating stocks, bonds, or mutual funds directly from your investment account is easy, often taking only a few simple steps. Many financial institutions allow direct transfers, and we are here to guide you through the process.
Greater Charitable Deduction
When you directly donate assets such as stocks and bonds, you may qualify for a charitable tax deduction based on the full market value of the asset if you’ve held it for over a year. This is a valuable benefit, especially if you’re looking to maximize your tax savings at the end of the year or in a high-tax year.
Long-Term Impact
When you donate appreciated assets, you’re helping us support programs that impact endangered species, including our ongoing rescue and care efforts for primates. This type of giving allows us to put your contribution directly into our work where it’s needed most.
FAQ
Here are the top five questions people often ask about donating stock to a nonprofit:
How do I transfer stock to JACK Primate Sanctuary
To transfer stock, please provide your brokerage firm with the following details:
NAME OF ACCOUNT: FRIENDS OF JACK PRIMATE SANCTUARY. 15827 Poppy Lane, Monte Sereno, CA 95030 USA
NON-PROFIT EIN: 92-3593376
DTC: 0164 CODE 40.
BROKERAGE FIRM: SCHWAB Financial Institution
Contact your broker with this information to initiate a direct transfer of shares. You can also contact us directly and provide us with all the details you need and we can guide you through the process to make it as seamless as possible.
Please reach out to Linda Lanzl at +1-408-348-4506 or email us at [email protected] for a confidential discussion on this topic.
What are the tax benefits of donating stock instead of cash?
When you donate appreciated stock, you may avoid paying capital gains tax on the increase in value, allowing you to donate the full appreciated amount without tax penalties. You may also qualify for a charitable deduction based on the stock’s full market value if held for over a year, potentially providing a larger tax benefit than a cash donation.
Is there a minimum value or specific types of stocks I can donate?
FRIENDS OF JACK PRIMATE SANCTUARY can accept publicly traded stocks, bonds, and mutual funds. The only requirement is a minimum stock value of $50 at the time of the donation.
Will I receive a tax receipt, and how is the donation valued?
Yes, you’ll receive a tax receipt from FRIENDS OF JACK PRIMATE SANCTUARY for your donation. The value of your donation will be the fair market value of the stock on the date of transfer, calculated as the average of the highest and lowest trading prices on that day.
How will my stock donation be used by the nonprofit?
Your stock donation will go directly to supporting our mission, whether through funding specific conservation projects, community initiatives, education programs or responding to urgent wildlife rescue needs.
And as we have since the first day, we remain committed to use 100% of your donations towards our projects.