3 Ways You Score by Giving Appreciated Stock
“He shoots; he scores!” the announcer yells. Music blares, colorful lights flash, and the crowd goes wild.
For hockey fans, there’s nothing quite as exciting as being in person to witness a hat trick – a player making three goals in a single game.
Less flashy, but almost as thrilling is the triple score of giving appreciated stock to Guiding Light. It’s a smart and powerful way to further the important work of rescue, recovery and re-engagement in community.
When you give appreciated stock, you score three personal benefits:
- Give from your excess resources without restricting your cash flow,
- Receive a fair market value tax deduction at the time of your gift, AND
- Avoid tax liability on the sale of appreciated stock.
You may not hear any blaring music or thunderous applause. Still, you can celebrate knowing you’ve accomplished a profound amount of good in a tax-efficient manner.
Feel free to do a fist pump, or even skate a victory lap or two. We promise we won’t judge.
To learn more about giving stock or other smart and powerful ways to support the mission of Guiding Light, email Starla McDermott at Starla@GuidingLightWorks.org or call
616-451-0236 x20.
