Earlier this month, a supporter donated about $5,000 worth of appreciated securities to the Foundation and its Endowment Fund. It’s a generous gift, and using appreciated stock to make such a donation is becoming increasingly common because of the stock market’s performance.
That’s right, you can make a charitable gift other than cash – real estate and stock are two other options.
Donating appreciated stock or mutual-fund shares often allows donors to make a bigger impact than they otherwise could, and it can offer bigger tax advantages than giving cash or selling the stock and donating the proceeds.
Plus, just as if you made a cash contribution to the Foundation, you can direct your stock gift to any of the funds kept at EPCF – including the Endowment Fund, which holds its principal in perpetuity and pays out a small portion annually that goes to the Foundation’s ongoing operation.
The Foundation typically sells the donated securities as soon as possible, and puts the contribution to work while providing a thank-you and detailed receipt to the donor.
Do you have appreciated stock that you’d like to use to make your community better? Then give us a call at (952) 949-8499 or contact Mark Weber, the executive director, at [email protected].