The Impact of Gifting Stock

 

There are 3 hashtags that I promote when I am in India dedicating a water project, or when speaking to a group who is interested in Wells for Life, and that is we can all Do Something to Make a Difference in the world and thus Create Impact!  Impacting lives in a positive way is something we should all endeavor to do, especially in today’s climate of fear, division, and suspicion.

When you Donate to Wells for Life, you are Doing Something in order to Make a Difference, and thus Create Impact in the lives of men, women, and children in rural India who are suffering from water scarcity.

Recently, Wells for Life made it possible for stock gifting as an alternative giving method to Cash. What many don’t realize is that Stock gifting has quite a few benefits going for it, like –

  • The gift is tax-deductible.
  • There are no capital gains taxes to pay on the appreciated value of the stock.
  • Wells for Life receives the full value of the stock in cash.
  • Donating stock often results in a larger donation to Wells for Life than what normally could be given with Cash.
  • Donating stock can be a strategic way to give to Wells for Life.

So how do you do it?

Consider using a donor-advised fund (DAF) to manage your charitable giving. DAFs allow you to make a charitable contribution, receive an immediate tax deduction, and then recommend grants from the fund over time.

Wells for Life is registered with DAF Direct and as such you can set up a DAF with Fidelity Charitable, Schwab Charitable or BNY Mello. Once that is complete, select Wells for Life as the charity you wish to donate to. If you choose this method, use this link – Donor Advised Funds

If you don’t want to set up a DAF, another method would be to select Stock Donation on our GIVE Page, and a 3rd party will handle the process for you and extract a fee from the donation that we would receive. For this method you can use this link – Donate Here and scroll down past the Continue button to find the Stock Donation button. From there follow the instructions.

A final way, and the cheapest, is to contact me directly and let me know you want to make a stock donation. I’ll put you in touch with the party that handles these transactions for us and best of all no fee is taken so your donation is maximized. You can reach me at michael@wellsforlife.org