Do you have appreciated stocks you don’t want to cash in because of the tax liability? If you bought stock more than a year ago for $5,000 and it’s now worth $20,000, selling would add $15,000 to your income.
By donating these shares directly to a 501(c)(3) non-profit like F.O.L.K. you:
- Avoid capital gains taxes on the appreciated value
- Allow the charity to receive the full market amount
- Ensure the donation is tax-exempt for the charity
F.O.L.K. can now accept stock donations through its Schwab brokerage account. For questions, contact folk@folkhawaii.com or consult your tax advisor for details.