Housing Development Alliance

Tuesday, February 1, 2011

An interesting occurence

We had set up a “weekly blog rotation” in order to make sure that the staff was posting on a regular basis. Well, we have not been nearly every week and it is not even my turn in the rotation but something interesting happened and I am just getting some of the details on it.

We have stock. One of the Friends of HDA called Scott and asked “Do you accept donations of stock?” and not being one to turn down a donation Scott said sure. So now we own approximately $540 of Target shares. So I thought “That’s great, why not just give us cash?” And I was soon told – “Taxes.” Basically, our kind donor was able to give us the full amount of the stock as a donation. If he had converted it to cash his capital gains would have been taxed, which means his donated amount would have been smaller which means his tax deduction would have been smaller too. So, HDA gets a larger donation AND the donor does not have to pay capital gains on his appreciated stock. It’s a win-win (a confusing one, but a win-win still the same). David found a much better explanation at -

http://www.fool.com/FoolCharityFund/Donating_Stock.htm

So, if anybody has some appreciated stock that is burning a hole in your pocket – the Housing Development Alliance is now able to accept it as a donation. How cool is that?

posted by weeberdoll # 10:41 AM

Comments:

I’m so lucky today that I was able to read your post which gives me a lot of ideas that I’ve been looking for. With this, I can use it to my site…I hope to read more of your future post. Thanks a lot.

# posted by

Stock Donations : 9/21/12, 1:03 AM

Housing Development Alliance

Tuesday, February 1, 2011

An interesting occurence

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