Donating Stock
Charitable gifts of appreciated stock may yield double tax benefits and additional savings.
A stock donation may provide more benefits than a cash donation. You can receive tangible tax-savings by eliminating capital gains tax while supporting Ballet Magnificat when you donate stock.
A stock donation may be right for you if:
1. You have stocks that have increased in value. (You may have a hefty tax bill when it comes time to sell if your stocks are highly appreciated). Donating stocks allows you to avoid the capital gains tax on any paper profit.
2. You would like to maximize your deduction while not affecting your liquidity. If you donate stocks, you retain your cash assets and also receive a charitable tax deduction for the full fair market value of the stock that you’ve owned for more than one year.
*Check with your tax advisor for details.
Donations of Cryptocurrencies
We now accept donations of Bitcoin and other cryptocurrencies!
1. Go to cryptoforcharity.io.
2. Pick Ballet Magnificat from the list.
3. Donate crypto and get a tax receipt.
Donations of appreciated cryptocurrency don’t trigger capital gains taxes, and may be tax-deductible for the full value.
*Check with your tax advisor for details.