Gifts of Stock & Securities

Donate Stock to Maximize Tax Savings

Donating appreciated stock or securities is a great way to make a donation to The Animal Haven and maximize your tax savings at the same time.  If, for example, you have $5,000 worth of stock with a cost basis of $2,000 ($3,000 of capital gains), you will save on your taxes if you donate the stock to The Animal Haven rather than sell it, as demonstrated below:

Gifts-of-Stock

Sell $5,000 Stock:

  • You pay $750 in capital gains tax (assuming a federal and state capital gains tax rate of 25%)
  • You net: $4,250

Donate $5,000 of Stock to The Animal Haven:

  • You pay $0 in capital gains taxes
  • You have a charitable deduction in the amount of $5,000, which may lower your taxable income
  • The Animal Haven nets: $5,000

To make a gift of appreciated stock or securities to The Animal Haven, simply contact your broker or financial institution to transfer the shares of stock or securities from your account to The Animal Haven’s account.  The Animal Haven’s account is:

Vanguard Fiduciary Trust Co.

DTC #0062
Account # 63688738
Account Name:  The Animal Haven, Inc.
Tax ID # 06-0735382

If you have any questions or need any assistance, please contact Linda Marino at linda@theanimalhavenct.org or (203) 988-3836.

Please Note:  This is general information and is not intended to be tax or legal advice.  For such advice, please consult with your attorney and/or financial advisor.