Gifts of Stock
A way to help HopeWell and your bottom line.
A donation of securities is an excellent way to support HopeWell’s programming. Assuming you have held the securities for more than one year, there may also be significant tax benefits to you, the donor.
Securities that have appreciated in value
The most advantageous way to transfer stocks or funds that have grown in value since purchase, is to donate them directly to HopeWell. Here are a few reasons why:
- You are entitled to an income tax deduction for the fair market value of the securities.
- You avoid paying capital gains tax on the appreciated value.
- You may claim a charitable deduction against up to 30 percent of your adjusted gross income.
- This method may help you to reduce your income and estate taxes.
Securities that have declined in value
If you have securities that have declined in value over the years and are interested in donating them to HopeWell, it is more advantageous to sell the securities first and then, donate the proceeds to HopeWell. This strategy should allow you to claim a deduction for both the loss from the sale of the securities as well as the charitable gift.
How to Donate
Always consult with your financial advisor to determine which benefits apply to you before initiating a charitable gift arrangement.
And, please notify us before making a donation of securities so that we can be sure to properly acknowledge your gift for income tax purposes. To get started, please fill out this form Gift of Securities Notification form and send it to us, either by mail or fax.
Mailing Address HopeWell Cancer Support, P.O. Box 755, Brooklandville, MD 21022
Fax Number Attn: Development Department, Phone: 410.832.2719, Fax: 410-337-0937
If you have any questions or need more information, please contact our Development Department at 410.832.2719 or email@example.com
Thank you for your support.