Donate Stock
Thank you for your interest in and generous support of Portals. Electronic delivery of stock shares is the most secure and expedient process available and provides efficient internal control as well as low gift processing costs - making the most of your charitable donation.
All shares will be sold and the proceeds remitted to Portals. You will receive a receipt through the mail for your tax records once the stock transfer to Portals is complete.
Tax Advantages of Giving Stock
If you have property, such as securities, that has increased in value during the time you have owned it, you may want to use it to fund your charitable gifts this year. Congress and many states have provided greater tax incentives for gifts of assets other than cash.
When you give stock that you have owned longer than one year, you are entitled to an income tax deduction for the full value of the asset, not just the amount you paid for it. All capital gains that would be due on the sale are avoided. You are allowed to use the "profits" in your investment to reduce the amount of income tax you might owe.
You may deduct gifts of appreciated assets each year in an amount up to 30% of your adjusted gross income. As with cash gifts, you can use any excess deduction in as many as five tax years.
Refer to this simple chart which illustrates three possible gift options. (Note: $5,000 is an arbitrary figure. These same concepts apply to any gift amount.)
| Give $5,000 in cash | Sell Securities and Give Cash | Give Securities outright | |
| Gift Value | $5,000 | $5,000 | $5,000 |
| Ordinary Income Tax Savings | $1,980 | $1,980 | $1,980 |
| Capital Gains Tax Saved or Paid (assuming 20% tax rate) | N/A | $800 paid | $800 saved |
| Net Tax Savings | $1,980 | $1,180 | $2,780 |
*As always, we suggest that you consult with your independent financial, tax, or legal advisor for specific help with your particular situation, as PORTALS does not provide financial, tax, or legal advice.