Family Giving Donating Appreciated Stocks or Securities to DCHS:
Community Giving DCHS is grateful for the support of the community. Here are some of the businesses and organizations who have held independent events to support DCHS.
A Win-Win for You and DCHS
How It Works •
You have appreciated stocks, bonds, mutual funds or other securities that you have owned for more than one year
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You donate those shares/securities to DCHS (please provide the following information to your broker/financial institution: UBS Financial Services, Inc., DTC Clearing Number: 0221, Account Number: HZ31195, and Account Name: Dane County Humane Society)
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DCHS then sells your securities and uses the proceeds to support our programs and services
Benefits
America’s Best Flowers Dog Wash - This past July, America’s Best Flowers held their 6th annual Dog Wash benefitting DCHS!
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You, the donor, receive the income tax deduction for the fair market value of the stock, bond, mutual fund or other appreciated securities
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Since you are donating the appreciated stock to DCHS, you are not paying the capital gains tax on the increased value of the appreciated security when the stock is transferred to DCHS (and then subsequently sold by DCHS)
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DCHS is able to receive a larger gift from you, the donor, because the transaction costs to you are much lower than if you sold the appreciated stock and then gave us the net proceeds from that sale
Related Issues
Paws for Pints - On a sunny Sunday in October, Cat Care Clinic hosted a fun afternoon at Capital Brewery for cat and all animal lovers alike, all to support DCHS! Visit giveshelter.org to learn how you can host your own event to support DCHS!
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Family Tails|Fall 2016
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What if you want to sell a stock that has depreciated over time – It is usually better to sell that stock/security first, take the capital loss for tax purposes, and then donate the cash proceeds to DCHS
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What if you have the actual stock certificates and you want to donate them – please contact us at (608) 838-0413 ext. 117 and we will work with you on signing over those certificates to DCHS
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The exact nature and amount of your tax deduction should be discussed with your financial advisor
For more information, please contact us at (608) 838-0413 ext. 117.