Taking Stock of What Matters Most

The holidays are approaching, and you’re “checking your list.” Then you’re checking it twice. You have gifts for all of your friends and loved ones, but there’s one gift remaining: you’d love to support your favorite nonprofit this holiday season. Your heart is to provide them with a little boost and to help ensure that they can continue doing the work you care so deeply about. Perhaps you’re uncertain how best to support them. This year, consider giving a gift of stock. This can be a financially savvy option for those who desire to give generously to nonprofits close to their hearts.

Giving stock is a tax-wise strategy, because it not only allows you to avoid the taxes that are often imposed upon the selling of such assets, but it also provides you with a tax deduction. It is of key importance to review your portfolio and select stock appreciated on a tax cost basis. (It could be detrimental to give stock with a tax loss and forgo the ability to harvest that loss, so check with a financial professional to make the best choice.)

To benefit donors as well as non-profit leaders, Ambassador Advisors now has a new tool for nonprofits that enables the giving and accepting of these gifts to be even easier!

The nonprofit worksheet is very simple and straightforward to use, and it can be completed in only a few minutes. All the details for the transfer to the organization are in a single place to make the gifting easy.

The simplicity of the new worksheet form is geared toward providing donors with an easier process of giving stock to a charity or a nonprofit that matters to them as well as creating a streamlined experience for the receiving ministries.

Charitable giving can be more than just a rewarding experience. When the gift of stock is given to the causes that you support, you are partnering with those organizations in a lasting way. You are not only playing an important role in supporting and funding the causes that you care about, but you are also benefiting personally from the added bonus of a tax deduction.

Of course, tax deductions and personal gain are not the motivations behind most generosity. As stewards of the resources that God has entrusted to us, it’s imperative to exercise wisdom and careful consideration when it comes to the organizations we support and how we support them. Sometimes, this means taking advantage of opportunities to give and save at the same time!

At Ambassador Advisors, we know how important charitable giving is to many of our clients, and we can help you determine how best to support the organizations that matter most to you.

So, as the holidays approach, consider a gift of stock to your favorite charity this season and show your support for them in a way that will provide a lasting benefit and allow you to partner with them in their ministry for years to come. Talk to your financial professional today about the best way to select a stock for gifting and to discuss strategies for maximizing the timing of your gift. Making tax-wise giving choices is simple with a professional analysis of your options.

Reach out to your advisor today for more information on gifts of stock!

Investment Advisory Services offered through Ambassador Advisors, LLC a SEC Registered Investment Advisor. Any opinions expressed in this forum are not the opinion or view of American Portfolios Financial Services, Inc. (APFS) or American Portfolios Advisors, Inc.(APA) and have not been reviewed by the firm for completeness or accuracy. These opinions are subject to change at any time without notice. Any comments or postings are provided for informational purposes only and do not constitute an offer or a recommendation to buy or sell securities or other financial instruments. Readers should conduct their own review and exercise judgment prior to investing. Investments are not guaranteed, involve risk and may result in a loss of principal. Past performance does not guarantee future results. Investments are not suitable for all types of investors. To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer for the purposes of avoiding penalties that may be imposed by law. Each tax payer should seek tax, legal or accounting advice from a tax professional based on his/her individual circumstances.
This material is for informational purposes only. Neither APFS nor its Representatives provide tax, legal or accounting advice. Please consult your own tax, legal or accounting professional before making any decisions. Information has been obtained from sources believed to be reliable and are subject to change without notification. The information presented is provided for informational purposes only and not to be construed as a recommendation or solicitation. Investors must make their own determination as to the appropriateness of an investment or strategy based on their specific investment objectives, financial status and risk tolerance. Past performance is not an indication of future results. Investments involve risk and the possible loss of principal.