Stocks
Stocks
INVEST IN COMPASSION
Gifts of securities, such as stocks, bonds, and mutual fund shares, are a great way to support Mercy For Animals. By making a gift of assets that have appreciated you can avoid capital gains tax. In addition to saving on capital gains, you can deduct your gift’s full market value at time of transfer from your income tax.
Deepen your impact and increase your tax savings by donating stock directly to Mercy For Animals through Overflow. It’s quick, easy, and secure.
STOCK AND MUTUAL FUND DONATIONS
Donating stocks or other securities, such as mutual funds and bonds, to Mercy For Animals is a fantastic way to invest in our vital work. Your generous support through stock donations will go a long way to help fight animal abuse while benefiting you through income tax and capital gains savings.
Your stock donation to Mercy For Animals entitles you to an income tax deduction of your gift’s full market value at the time of transfer. If you have owned stock for one year or more and it has appreciated, you can save on the capital gains tax you would pay if you sold the stock yourself. Capital gains tax doesn’t apply when you donate the stock to Mercy For Animals!
To donate stock, simply send your broker a written letter of instruction authorizing the electronic transfer of your shares.
The letter should contain the following:
- Specification of stock and the number of shares to be transferred from your account (be sure to include your account number)
- Specification of transfer of stock to Mercy For Animals’ brokerage account:
RBC Wealth Management
Account #: 319-02041
DTC – 0235
- Mercy For Animals’ contact information:
Alex Stewart
[email protected] - RBC Wealth Management contact information:
Dustin Poretskin
[email protected] - Signature of donor
QUESTIONS?
If you need guidance in naming Mercy For Animals a beneficiary, we will gladly walk you through the process. Please contact Susan Lane, senior vice president of development.