Donating Stock
Did you know that you could make a bigger impact by donating long-term appreciated securities, including stock, bonds, and mutual funds, directly to HFLA? Compared with donating cash, or selling your appreciated securities and contributing the after-tax proceeds, you may be able to increase your gift and your tax deduction.
How does it work?
When you donate stock to HFLA, you will take a tax deduction for the full fair market value. Your contribution and tax deduction may instantly increase over 20%. If you prefer to donate bonds or mutual funds, the same benefits apply. A larger gift could mean a larger deduction. To learn more about making a gift to HFLA using stock, please contact Hillary Butler at (216)-378-9042 or hillary@interestfree.org.
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