Gift of Stocks & Securities
It’s an impactful way to make a significant contribution to the Hellenic Heritage Foundation either as a one-time gift or as part of a legacy gift and ensures that the HHF remains a viably active and strong organization that serves our community.
Donating your securities directly through the Hellenic Heritage Foundation allows you to donate the full value, and results in a charitable tax credit that you may be able to use to offset other income.
Usually, when you sell shares for cash, even if you plan to donate the proceeds to charity, you’re responsible for paying tax on 50 percent of the capital gain. But if you donate the securities directly to the Hellenic Heritage Foundation, you don’t pay capital gains tax.
How it Works
Here’s what the tax advantage could look like if you donated shares directly to the Hellenic Heritage Foundation, versus selling the shares and then donating the cash proceeds.
| Sell shares and donate cash | Donate shares directly | |
| Charitable donation receipt | $10,000 | $10,000 |
| Tax credit/savings on gift (at 45%) | $4,500 | $4,500 |
| Capital gain ($10,000 - $4,000) | $6,000 | $6,000 |
| Taxable portion of gain | $3,000 (50% x $6,000) | $0 (0% x $6,000) |
| Tax on gain (at 45%) | $1,350 | $0 |
| Tax credit / savings on gift | $4,500 | $4,500 |
| Capital gains tax paid | $1,350 | $0 |
| Net tax savings | $3,150 | $4,500 |
You gain $1,350 in tax savings when you donate shares directly to the Hellenic Heritage Foundation versus selling your shares and donating the cash.
READY TO GET STARTED?
Start by consulting with your financial advisor to decide what makes most sense for your financial and philanthropic goals. Then complete the transfer form and ask your broker to transfer your securities to the Hellenic Heritage Foundation.
Once you’ve made your gift, let us know so that we can show our appreciation.
RESOURCES
Donating appreciated stocks and securities is a great way to make a meaningful contribution to the work we do, while providing you with an increased tax benefit.
If you’d like to make a bigger impact, donating shares that have appreciated in value is one of the easiest and most tax-efficient ways to support your charitable giving - either during your lifetime, or as part of a legacy gift.
HOW IT WORKS
If you sell your securities, and make a gift to the Hellenic Heritage Foundation, you’ll have to pay capital gains on an amount equal to one-half of their increase in value.
However, if you gift your securities to the Hellenic Heritage Foundation directly, you won’t have to pay the capital gains tax, and you’ll get a tax deduction for the full value of the securities. This means that it’s more cost-efficient for you to give a gift of securities directly to the Hellenic Heritage Foundation, versus selling the shares and donating the proceeds directly.
WHY IT MAKES SENSE:
- You receive a charitable tax receipt for the full value
- You won’t pay capital gains tax
- You’ll have the satisfaction of knowing you’re making a significant impact
NEXT STEPS:
- Start by talking to your financial advisor to decide what makes most sense for your financial and philanthropic goals.
- Complete the transfer form available on our website, or call us directly.
- Then ask your broker to transfer your securities to the Hellenic Heritage Foundation.
- Once you’ve made your gift, please let us know so that we can show our appreciation.
Legal Information:
For CRA purposes, we file under Hellenic Heritage Fund, and indicate that we operate as Hellenic Heritage Foundation, bearing registration number 887769297 RR 0001