Donating appreciated stocks, bonds or mutual funds is simple and provides you with immediate tax benefits. You not only receive a tax deduction based on the fair market value but also eliminate paying capital gains.
Your broker can assist you in making a gift of stock via a direct transfer to Austin Habitat for Humanity. Giving a gift of publicly-traded stock may provide greater tax benefits than giving cash. Your charitable income tax deduction is equal to the fair market value of the stock and you avoid paying the capital gains tax on any increase in the current value over the original cost of the stock (subject to IRS deduction limits).
If you would like to partner in providing affordable homeownership opportunities for Central Texas’ hardworking low-income families by donating stock, please contact our Development Team so that we can properly acknowledge your gift and forward information regarding your tax deduction. Contact development@austinhabitat.org or (512) 472-8788.