Donating stocks or bonds to Northeast Animal Shelter is sometimes more advantageous than gifts of cash. Here’s why:
- You avoid paying capital gains taxes when you contribute appreciated stocks or bonds directly to the Shelter.
- If you itemize deductions, you deduct the full value of the stock or bond as a charitable contribution, saving income taxes and lowering the effective cost of your gift.
- The full value of your gift of stocks or bonds helps Northeast Animal Shelter and our life-saving programs, while you may receive a significant tax break.
If you are planning on giving a gift of stocks or bonds to Northeast Animal Shelter, please email Ellen Miller at email@example.com or call (978) 745-9888 x316.