2017 Schwab Deadlines for Charitable Gifting with Appreciated Securities

2017 Schwab Deadlines for Charitable Gifting with Appreciated Securities

If you plan to contribute to a charity, college, or other qualifying organization before year-end, you should consider donating appreciated stock from your investment portfolio instead of cash. Your tax benefits from the donation can be increased and the organization will still benefit.

This tax planning tool is derived from the general rule that the deduction for a donation of securities to charity is equal to the fair market value of the donated securities, but it is not without caveats. Read more below and discuss your specific gifting needs with your advisor.

Read more: Charitable Donation of Appreciated Securities

If you plan to give securities, please discuss with your advisor by November 29, 2017  to ensure processing by year-end deadlines:

Note: Some organizations are not able to accept certain securities. Your advisor can help you determine if securities are accepted at the organization.