Gift of Stock/Securities

Thank you for supporting our animals with a gift of appreciated stock or funds.

Your gift of publicly traded stocks or mutual funds provides considerable support to help create a better community for our pets and their people!  It may also have tax benefits that are important to you.  

"How does it work?"

When you give securities that have increased in value, you can often make the gift at a much lower cost than an equivalent gift of cash. For example, suppose you originally purchased shares of stock for $1,000 and those shares are now worth $10,000. If you sell the stock, you may be subject to capital gains tax on the increase in the stock’s value ($1,350 tax if you’re in the 15% capital gains bracket, or $1,800 tax if you’re in the 20% capital gains bracket). If you were to donate the appreciated stock to a 501(c)3 organization like Animal Care Shelter for Kent County instead, you may deduct the fair market value of the stock from your tax return, reducing your taxable income. In addition, you are not subject to capital gains tax on the transaction, which could result in significant tax savings.

To make a gift via electronic transfer, please complete the Securities Transfer Form and send it to your broker or financial advisor. Inquiries may also be made to our Executive Director at rkeaveney@acskc.org