Donating appreciated stock is one of the easiest ways to give more to causes you care about.
Why? Because donating stock directly to charity is one of the most tax-smart ways to give. Yet, it is often not well understood or widely used. According to a 2016 study by Fidelity Charitable, 80% of donors own appreciated assets, such as stocks, mutual funds or bonds, but only 21% of those donors have contributed these types of assets to charity.
Here are four reasons you should give a stock donation to Chabad a try:
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You can give more
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You can potentially reduce future capital gains liability
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You can give your portfolio a health check
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You can donate stocks without headaches
Here is the information you should provide to your broker regarding stock contribution to Chabad in Medford.
For deposit to:
Wells Fargo Clearing Services
DTC # 0141
For further credit to:
Chabad in Medford Inc
Account # 1485-6368
Donor should:
Email [email protected] of a pending transfer. It’s important that you let us know if you are sending stock. Otherwise, we may have trouble identifying our donor.