HCR Wealth Advisors
Making charitable donations is something that everyone aspires to be able to do. That being said, sometimes you might not have the cash or the capital to donate directly to a charity and finding a viable alternative is a must. For those that hold stock, stock donation has benefits for both parties involved. Donating stock is a wonderful way to help cut troublesome stock from your own portfolio while doing good for other people.
Stocks can be donated and counted off on your taxes as a write off for a percentage of what the face value of the stock is worth. Donating stock is a great way to help get rid of stock that might be causing issues with your own portfolio, that might be coming to maturity and may not be gaining money for you, and that may not be making the right investments for you. Donating stock helps to prevent the need to pay large sums of taxes, it is a great way to donate more if you do not have cash on hand for donation and more.
You can donate stock to any charity of your choice, and you can help make a big difference in the overall way that you are donating and in the overall amount that you are going to be able to donate as well. If you are donating stock for instance you would be able to donate stock that amounts to a larger sum than you would be able to if you were donating cash. For those that are looking to donate stock, HCR Wealth Advisors can help you to square away your donations, to find out just what to donate and how much to donate, and how to donate to make the biggest impact and do the most good with the stocks that you are donating. Donation of stocks is a wonderful way to help others and to truly make a difference without making a huge amount of trouble for you.
This article is provided for informational purposes only and should not be interpreted as investment advice.