Donating securities can be an effective way to support Indwell that will also provide you with significant tax advantages. When you donate publicly-traded securities or mutual funds that have appreciated in value you will receive two kinds of tax savings: a tax credit in the form of a charitable tax receipt for the full value of the assets and elimination of the taxable capital gains on the disposition of these assets. (Note: You won’t receive this tax advantage if you decide to sell securities or mutual funds and make a donation from the proceeds of the sale.)
This kind of donation can be a convenient way to help Indwell in supporting those seeking health, wellness and belonging. You transfer ownership directly to Indwell’s broker; Indwell then issues you a charitable donation receipt that reflects the fair market value of the securities on the date they were received. If your donation exceeds the amount eligible for a tax credit in the year your donation is made, you can carry your excess charitable tax credit forward for up to five years.