August 19, 2021

Donations of Stock and Securities

Donating stock or securities offers a number of benefits:

  • A federal income charitable contribution tax deduction based on the stock’s fair market value on the date of the gift (up to 30% of your adjusted gross income) if the stock was owned for more than one year;
  • Carryover of the deduction for up to five additional years if the fair market value of the gift is more than 30% of your adjusted gross income; and
  • Avoidance of capital gains tax that is due when you sell appreciated stock.

Note: Stock owned for one year or less is considered a short-term asset and usually won’t produce attractive tax benefits.

Also, if the stock has decreased in value, selling it and making a cash gift to the Iowa Bicycle Coalition is probably more beneficial. You can take a capital loss on federal taxes and still enjoy a charitable deduction of up to 50% of your adjusted gross income.

Please complete the following form with your contact information. We will send an automatic email with the Iowa Bicycle Coalition brokerage account numbers to begin the stock transfer process.

Stock Donation Autoresponder

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