Have you ever considered donating stocks to a charity instead of cash? It may seem like an unconventional way to give, but it’s becoming increasingly popular for a reason. Not only does it benefit the charity, but it can also provide significant tax benefits for you as the donor. In fact, some charities are actively encouraging stock donations as a way to support their cause.
So why not make your charitable giving more impactful and financially savvy at the same time? In this blog post, we’ll explore some of the top charities that accept stock donations and how you can get started with this innovative way of giving back. Get ready to discover a new way of making a difference!
Donating appreciated stock to the following charities be a tax-efficient way to support the organization, as donors may be able to avoid paying capital gains taxes on the appreciation while also receiving a tax deduction for the full fair market value of the stock at the time of the donation. To donate stock to the respective charities, donors should contact their broker or financial advisor and provide them with the necessary information, including the brokerage account information, to facilitate the transfer of shares. These donations will be then acknowledged by the charities
Here are 9 Best Charities that Accept Stock Donations:
Starting up with the Red Cross, it is a humanitarian organization that provides emergency assistance, disaster relief, and education within the United States.
Founded in 1881, the Red Cross is a non-profit organization that is led by volunteers and serves to provide support to those in need, such as victims of natural disasters, blood transfusion recipients, and military personnel and their families. The organization is known for its blood donation drives and response to major disasters, such as hurricanes, earthquakes, and wildfires. They have 4 stars on Charity Navigator with a rating of 97%.
They are a nonprofit organization that grants wishes to children with critical illnesses. Founded in the United States in 1980, the organization has since expanded globally and granted over 500,000 wishes to children in nearly 50 countries.
Wishes range from meeting a favorite celebrity or athlete to going on a dream vacation, and the foundation works to make each wish come true in a personalized and meaningful way. The foundation relies on donations and volunteers to support its mission, and their work has brought joy and hope to countless children and their families in difficult times. As per Charity Navigator, they have 3 stars with 79% ratings.
Founded in 1938, the organization has been a leader in the fight against birth defects, premature birth, and infant mortality. The March of Dimes funds research, advocates for policies that support maternal and infant health and provides education and support to families.
The organization’s work has led to significant advances in prenatal care, neonatal intensive care, and genetics. They also run programs to help mothers have healthy pregnancies and provides support to families with premature or sick babies. Sadly, they have 2 star ratings on Charity Navigator with 71% scores.
NMSS works towards improving the lives of people affected by multiple sclerosis (MS). They provide support services, fund research, and advocate for policy changes to improve MS healthcare. The Society offers resources and education to help those affected by MS manage the condition and maintain the quality of life.
They also sponsor clinical trials and research to understand better and develop treatments for MS. The National MS Society relies on fundraising efforts and donations to support its mission, including their annual Walk MS event and Bike MS event. As on Charity Navigator, NMSS has a rating of 83% with 3 stars.
The Conservancy works to protect and conserve the natural world for future generations. With a presence in over 70 countries, it aims to tackle the most pressing environmental challenges, from preserving forests and oceans to addressing climate change.
The organization employs a science-based, collaborative approach, partnering with governments, businesses, and communities to find innovative solutions to environmental issues. Through education and outreach, it encourages people to take action to protect the planet and live in harmony with nature. They have a charity rating of 88% with 3 stars on Charity Naviagtor.
UWW aims to improve lives and strengthen communities worldwide. They work with partners in nearly 40 countries to provide education, health, and financial stability programs to those in need.
UWW focuses on addressing the root causes of social issues and creating long-term solutions through collaboration and community engagement. Their initiatives include disaster relief, affordable housing, workforce development, and support for youth and families. They have 4 stars on Charity Navigator with a charity rating of 91%.
7. World Vision
Up next is the World Vision. It is a Christian humanitarian organization that aims to alleviate poverty and improve the lives of children and families around the world. It operates in nearly 100 countries and focuses on issues such as child protection, health, education, economic empowerment, and disaster relief.
The organization works with communities to provide access to clean water, healthcare, education, and economic opportunities. It also responds to emergencies such as natural disasters and conflicts, providing life-saving aid to those in need. They have a rating of 97% on Charity Navigator with 4 gold stars.
They are a nonprofit organization that strives to strengthen communities and promote youth development, healthy living, and social responsibility. With a presence in over 10,000 communities across the United States, Y-USA offers a range of programs and services, including fitness classes, youth sports, and summer camps.
The organization also works to address social issues, such as homelessness and hunger, through initiatives like the Y’s national initiative to end child hunger. Y-USA has a rating of 89% on Charity Navigator with 4 gold stars.
Finally, at the end BCGA provides programs and services to young people in need. Their mission is to enable all young people to reach their full potential as productive, caring, responsible citizens. With over 4,600 Club locations across the United States, BGCA offers a safe, positive environment where children can learn, grow, and thrive.
The organization’s programs focus on academic success, good character and citizenship, and healthy lifestyles. Through donations, volunteering, and partnerships, BGCA is able to continue to serve millions of young people each year and make a positive impact in their communities. The charity has 4 stars on Charity Navigator with 90% ratings.
As we wrap up this discussion on charities that accept stock donations, it’s clear that this is a giving option worth considering. Not only does it offer potential tax benefits, but it also allows you to support a cause you care about in a meaningful way. By donating stocks, you’re not only giving financial resources to the charity but also showing your faith in their mission and their ability to make a positive impact. It’s a powerful way to make your mark on the world.
Moreover, it’s important to remember that philanthropy doesn’t have to be a one-time event. Making regular contributions, whether through cash, stocks, or other means, can create a lasting impact and build a stronger relationship with the charity you’re supporting. And with so many charities accepting stock donations, it’s easier than ever to find a cause that aligns with your values and goals.
So, if you’re looking for a unique and impactful way to support a cause you care about, consider donating stocks to a charity. It’s an investment in both the charity’s future and your own, as you make a tangible difference in the world. As the saying goes, “No one has ever become poor by giving.” So, let’s embrace the power of giving and make a positive impact, one stock donation at a time.