Stock donation can offer you tax breaks and can also help you get rid of animal suffering. Your gift is mutually beneficial: PETA receives the full value of the shares and you avoid paying capital gains tax on the valued assets.
Tax incentives for the provision of securities
The provision of highly valued securities that have been held for more than one year can provide significant benefits, including the following:
- You will not be required to pay capital gains tax on the stocks you donate, just like PETA.
- You are eligible for an income tax deduction on the full assessed value of the shares.
- Similar state tax breaks are also available in most states.
If you’ve valued stocks you want to conserve but are concerned about the capital gains tax you’ll face when it’s time to sell, donating them to animals might help you. You can donate shares – thereby avoiding capital gains – and then use the money you save on the charitable deduction to buy new shares at current prices with a higher value. Your investment will last as long as you increase PETA’s vital work for animals.
You should always check with your financial advisor before making a charitable contribution.
How to donate shares
The easiest way to donate shares is to obtain an electronic transfer authorization.
Through our partnership with FreeWill, you can initiate an online share donation, including signing documents and sending them to your broker, in less than 10 minutes. You can also directly access our details for your broker to transfer your securities to PETA.
Start donating stocks now or check out our instructions for moving stocks.
For questions about this economical way to help animals, contact:
Enstice Team
Vice President Legacy Gifts
757-962-8213
[email protected]
Have you considered naming PETA as the beneficiary of your stock or brokerage accounts? Find out more at PETA.org/Legacy or email us [email protected]
Hear fellow PETA supporters who help animals with their generous donations:
Katie and David Cherneyko (with Gypsy)
“There is no organization on this planet that does more for animals than PETA. PETA is a counterweight to humanity’s collective right to harm and exploit animals. When we got an unexpected return on investment, we were thrilled to learn that instead of triggering capital gains through a divestiture and subsequent donation of funds, it was easy to transfer the shares to PETA. Thus, we were still able to receive tax relief from donations, as well as the tax advantage of no capital gains. What a great way to help PETA continue the daunting task of changing our culture towards a kinder, more gentle world for animals. ”
