Donating Stocks

Why donate stock to the Home Trust?

Donate stock that has appreciated in value. This is a win-win move! Donate stock and you won't have to pay capital gains taxes on the profits, and the full value of the stock can be deducted as a charitable donation.

For example, say you own $10,000 worth of stock that you originally bought for $3,000. If you sell it now, you'll pay tax on the $7,000 profit. (If you're in the 28 percent federal tax bracket, and qualify for the 20 percent long-term capital gains rate, you'd pay $1,400 in tax. That reduces the $10,000 to $8,600.) But if you give your $10,000 worth of unsold stocks to a charity, the IRS kindly lets you claim a tax deduction for the full $10,000. At the 28% tax bracket that works out to a $2,800 deduction.

It's quick, it's easy, and it helps the Home Trust!

How to donate Stocks to the Home Trust

The Home Trust maintains an account at Charles Schwab for receiving stock donations. To obtain the account information please call Nancy DeVaux at 360.378.5541 or e-mail her at nancy@hometrust.org.