Online Stock Donations
A gift of stock isn't just tax deductible. You can also avoid up to 20% in capital gains taxes by donating stock directly to League of Women Voters of California Education Fund.
How does this work?
1. Your direct stock gift is protected from capital gains tax, so we receive 100% of your donation, rather than losing up to 20% in capital gains tax if you liquidate the asset and donate cash.
2. You can claim a fair market value charitable deduction, and pass on that savings in the form of even more giving.
The combination of protecting your long-term appreciated stock gift from capital gains tax PLUS claiming a fair market value deduction results in a larger donation than if you were to sell the shares and donate the cash proceeds.
See it in action:
1 share of Spotify allows the League of Women Voters of California Education Fund to reach one voter. If you were to liquidate that share (currently valued around $230) and give that cash to the LWVCEF rather than donating the stock directly, you would be making a $184 donation instead of $230. That $50 difference makes a difference to our voters and to our community.
We've partnered with Overflow, a secure platform that makes it easy to donate stock online. You can now even gift stock to the LWVCEF directly from your phone!
To learn more about the Overflow process, check out this article.
Maximize your generosity today with a gift of stock to the LWVC!
Contact us with any questions: lwvc [at] lwvc.org or by calling 916-442-7215
