BTCF Blog | Donate Appreciated Securities to Make the Most of You

BTCF Blog

Donate Appreciated Securities to Make the Most of Your Charitable Giving

By Kara Mikulich and Jill Cancellieri / September 3, 2020 / Philanthropy
Donate Appreciated Securities to Make the Most of Your Charitable Giving
Our Philanthropic Services team, including Community Engagement Officer Kelly Sweet, is available to help donors give more to the causes they care about.

 

As summer winds down, we are all looking ahead toward the year-end with many questions and uncertainties. How will the pandemic continue to affect our most vulnerable neighbors, nonprofits and small businesses in our communities? What will the government response be? How can we ensure that our giving has the greatest impact and takes into account our growing awareness of racial inequities? We continue to explore these issues and their ramifications toward the end of serving as a philanthropic partner for our family of donors. 

Thanks to the extraordinary generosity of so many donors, we have worked together to help our community navigate the rough waters these past six months. Those who are in a position to be generous have already dug deep in order to help their neighbors facing the greatest challenges. And many donors want to know how they can continue to help during these times.  

Right now, one of the most effective ways to give is by donating gifts of appreciated securities. With the market at or near all-time highs, the disconnect between the financial markets and the state of the economy for working-class Americans could not be greater or more apparent. Donating appreciated securities not only helps support our vulnerable residents and institutions, but it can also be an effective tax strategy to enable you to give even more. 

Why Donate Appreciated Securities?

Give more to causes you care about

By donating stock that has appreciated for more than a year, you could actually be giving 20 percent more than if you sold the stock and then made a cash donation. 

Donate stocks easily and without hassle

If you think donating stock might require a lot of paperwork or phone calls, or that your chosen charity may not be able to easily accept a stock donation, a donor advised fund takes the hassle out of donating securities. There is no need to donate multiple blocks of stock to multiple charities—you make one gift to your donor advised fund. If you don’t have a donor advised fund with us, you can still donate through BTCF with one transaction, and we will direct the proceeds from the securities to multiple charities of your choice.

Support nonprofits on the timetable that suits your financial needs

If you are not sure which charity should receive your appreciated stock, you can give now and decide later. Donating stock to a donor advised fund allows you to take a deduction for the current tax year and then support as many charities as you would like over time, by recommending grants on the timetable that makes the most sense for you.

We’re here to help

Here is our securities transfer form for your convenience. Please contact either of us, or a member of our finance team, to discuss any gift of securities you would like to make, and be sure to let us know when you initiate your transaction. And we encourage you to contact your financial advisor to determine if making a gift of appreciated securities is the right strategy for you.

To discuss gifts of appreciated securities, email Chief Philanthropy Officer Kara Mikulich or Director of Philanthropic Services Jill Cancellieri.
 

Recent Posts

We're Hiring!

BTCF Blog

We're Hiring!

We seek a Controller to manage our finance and accounting operations, and a Grants Associate to manage the grant administration for all funds.

Donate Appreciated Securities to Make the Most of Your Charitable Giving

BTCF Blog

Donate Appreciated Securities to Make the Most of Your Charitable Giving

Many donors want to know how they can continue to help during these uncertain times. Right now, one of the most effective ways to give is by donating appreciated securities.

Grants Give Lenox Artist Freedom to Focus on Large Works

BTCF Blog

Grants Give Lenox Artist Freedom to Focus on Large Works

Two Berkshire Taconic funds are currently accepting applications from regional artists. Mixed media painter Ali Herrmann of Lenox, Mass., received grants from both funds last year to focus her time and energy on large projects.

Survey: The Impact of COVID-19 on Massachusetts Nonprofits

BTCF Blog

Survey: The Impact of COVID-19 on Massachusetts Nonprofits

We have joined a group of partners to survey the needs of nonprofits in the wake of the pandemic.

EforAll Celebrates Inaugural Class of Local Entrepreneurs

BTCF Blog

EforAll Celebrates Inaugural Class of Local Entrepreneurs

For 12 intensive weeks, a tight-knit group of local entrepreneurs attended classes, met with mentors and fine-tuned the pitches for their startup businesses as part of EforAll Berkshire County’s inaugural accelerator program.

View All Stories