Save on your taxes by donating stock
The end of the year is coming up fast, and you might be thinking about how to make the biggest possible impact with your charitable giving. But did you know that a gift of appreciated stock can increase your impact while saving you money on your taxes?
Our partner FreeWill has created a video explaining how donating stocks can save you money:
Here are three key things to know about giving stocks before the year ends:
- Your dollar will go further. Stock donations can be up to 20% more valuable than selling the stock & donating the proceeds, because any growth in the stock’s value isn’t taxed as income. If you give before the year ends, you can claim a tax deduction for the stock’s full value on your 2021 taxes.
- It takes just 10 minutes. FreeWill’s streamlined, encrypted tools allow you to complete your gift online, or point you in the right direction if you’d rather contact MSI directly.
- You’ll provide life-changing reproductive healthcare to women and girls. MSI United States is highly ranked by Charity Navigator and Guidestar, so you can give with confidence knowing that your gift will be put to work making a difference for women worldwide.