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Why stock giving is beneficial When you cash out your stocks before donating, you have to pay capital gains tax. However, transferring directly to Soka University allows you to give the full amount of that stock, making the donation much larger. The full amount of the stock is also eligible to be a deduction on your tax return. Essentially, gifts of stock are even more impactful than cash gifts, and allow you to avoid paying capital gains tax!
Soka University of America’s mission is to foster students into global citizens ready to change the world – and you can make a vital contribution to their Soka education before the year is out. Many of our supporters are taking a powerful step to ensure their donation works in their favor by creating a Qualified Charitable Distribution (QCD), also known as IRA Charitable Rollovers. If you are 70½ or older, you can fulfill your Required Minimum Distribution (RMD) for 2021 by donating from your IRA. This is a smart way to contribute before the end of 2021 while reducing your taxable income at the same time.
Get started at FreeWill.com/QCD/Soka
To learn more about this, or to make your stock gift today, visit FreeWill.com/stocks/Soka/Welcome.
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