Stock Giving

Stock gifts are a tax savvy way to support EDC. If you own stock or other securities that have appreciated since you acquired them, you may face capital gains taxes when you sell them. However, if you gift the stock to a charity, you won’t have to pay the capital gains tax, and neither will the nonprofit organization. In addition, you’re allowed to deduct up to 30% of your adjusted gross income in stocks that you’ve held for at least a year. When you lower your taxable income, you pay less overall in income taxes. Donating appreciated stock to EDC might be a wise decision for you because:

• Neither you nor EDC must pay capital gains tax—meaning that EDC receives the full value of your stock;
• You can receive a charitable deduction for the full market value of your gift;
• You make an important contribution that furthers environmental work you care about.

If you have additional questions about stock gifts, please reach out to Alex Katz, EDC’s Executive Director.