If you’re planning for donation to some charity, than you should go for stock donation as it will not only help a cause you want to support but also benefit you to reduce tax. Most of charity organizations accept stock donations. And it’s your sole decision to consider best out of them so that the donation you’re making is really helping a cause.
With the changing times the charity organizations which are also known by the name of non-profit organizations have also changed. The kind of change that they have brought in themselves is that they have started accepting the stock donations. Thus it can be a very philanthropic and a generous act if you choose to donate the stocks possessed by you to some deserving charity organization. This also makes the cash donations kind of obsolete and less smart solution when you think of doing a kind favor to people who are investing their energy and time for some good cause or purpose. The smartness of this act can be derived out from the fact that there is much worthy tax benefits when you donate to an organization with your stocks in holding.
The one who is willing to make such Stock Donation may know this fact that apart from the stock write-off which is calculated on the total amount of donation involved the donor very intelligently avoids any chance of being obliged for any unrealized gain that happens on the shares. All these effective and logical reasons clearly explain that why donating the stocks is a very bright option for the donors who are selective with their every move. This move is also quite an efficient one. Just one thing that you need to consider well before actually donating the stocks is to find a charity or a non-profit organization that is favored by your set of ideas.
The charities can come in various categories that vary from political, children welfare, educational charities and so on. A good way to search the good ones is through internet or some reliable source which has a prior experience of Donating Stock. As soon as you are quite clear about the organization and you believe that your money will definitely serve some good cause, you may contact the organization and confirm from them whether or not they welcome the stock donations. Another thing that you need to confirm before donating stocks is that you must possess the stocks for at least more than a year or so.