Interested in making a gift of stock? This is a wonderful way to donate to a non-profit. A few things to remember before making your tax-deductible gift:

1. Do not sell the stock and then donate cash. When you do this, you pay the taxes first and donate what is left.

2. Instead, donate the appreciated shares directly to your chosen charity. You will get a full tax benefit for the amount of the gifted shares. Then the charity can sell the shares and will not owe tax on the proceeds.

3. The benefits of making gifts this way are twofold—a) you get the full benefit of the gift and do not increase your taxable income and, b) the charity receives a larger sum by receiving the gift post tax and will owe no tax on the proceeds due to their tax exempt status.

4. It's highly advisable to always speak with your portfolio manager or stock broker first!

If you'd like to learn more about donating stock, have questions, or would like to set-up a donation, please reach out to Katie Washington.