Introducing Stock Contributions in Charityvest: Part 1 — The Smartest Way to Give

November 10, 2020
Use cases

🚀We’re launching stock donations in Charityvest on Giving Tuesday, December 1.

We are delighted to announce, coming on Giving Tuesday, we are adding the ability for anyone and everyone to give stock through Charityvest.

You’ll be able to add your brokerage to the app (just like you can add your bank) and then identify stocks to give with a few clicks.

We’ve wanted to build stock donations into Charityvest since the beginning. It fits tightly with our aim to make smart giving simpler and more accessible. We are creating the first way for anyone to give stock to any charity, completely for free (that we know of)!

📊Why you should care about donating stock—it’s the best way to give.

If you have appreciated stock, it is the single-most tax-advantaged way to give.

“Appreciated stock” is stock that you’ve had for more than one year that has increased in value from the day you bought it. If you sell that stock, you’ll pay capital gains tax on the value increase (likely 15 - 20 percent, not including any state capital gains taxes).

If you donate the stock before you sell it, you avoid paying any capital gains tax. In addition, you’ll be able to deduct the full market value of the stock (at the point when you donate it) on your income taxes. It’s a double-whammy for tax-smarts.

We’ll provide more guidance on advantages of stock giving in the coming weeks. Or you can read more here.

Screenshot preview of selecting securities to donate in Charityvest.

💰We’ll be able to accept other types of appreciated assets this holiday season, too.

We can accept ETFs, bonds, and crypto currency in addition to publicly traded stock.

🙋 We'd love for you to participate in our early access launch and qualify for a $50 bonus.

  • Sign up to be the first in line to give stock, and qualify for a $50 bonus in your Charityvest fund. We’ll provide you with early access to make your stock contribution. Submit your contribution before Tuesday, December 1, and we’ll put $50 in your Charityvest fund as a bonus once we’ve processed your gift. (Note: we’ll only be able to provide the bonus to the first 50 stock donors!)
  • Know a charity that might want us to process a few year-end stock gifts for them? We’d love to get in touch with them. If they’d value a free, simple way to help their donors process stock donations, we’d be happy to serve them.

Look out for more content on stock giving here at year-end. Reply to this email if you have any questions!

Create your Charityvest giving fund—it's free and takes 90 seconds.

Stephen Kump

Stephen is the chief of promoting generosity @ Charityvest. Former Bain consultant, philanthropic advisor, and military officer. Yale MBA.

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