As the market leader in charitable stock gifting, DonateStock has teamed with GiveSmart by Community Brands to offer charitable stock gifting as a referral service to thousands of nonprofit organisations.

By making the stock gifting process accessible and simple for all nonprofits and donors, DonateStock has changed it. Previously, fewer than 1% of NGOs were permitted to accept stock donations. By enabling all NGOs to request and accept gifts of appreciated stock – without the need for brokerage – DonateStock closes that gap.

Additionally, giving stock to organisations is a wiser, tax-advantaged approach for donors to help them. A donor can avoid paying capital gains tax and yet deduct the market value of the contributed shares by giving stock before taxes are due.

The top supplier of cloud-based software and payment solutions for organisations, charities, and K–12 schools is Community Brands. Their GiveSmart fundraising tools are “best-in-class” for supporting the development of the mission and donor management of the contemporary charity. Due to this partnership, clients of GiveSmart DonorCRM are now able to provide donations with a more tax-beneficial approach to support their mission through appreciated stock. Giving appreciated stock allows donors to deduct the fair market value of the donated shares while avoiding capital gains tax on the stock’s higher worth. Transparency, alerts, and dashboard reporting are all provided by DonateStock as it facilitates the online donation, converts the shares to cash, and distributes the proceeds to the nonprofit. The best part is that getting started is free.

Source: Prnewswire