Donate Stocks and Support Veteran Causes. The Salute Veterans Inc accepts donations of publicly traded stocks that are listed on the NYSE and or NASDAQ. Stock donations can be tax deductible, however, the tax benefits of donating stock are only available for those stocks which have been held for more than a year and have appreciated in value.
By donating stock that has appreciated for more than a year, you are actually giving 20 percent more than if you sold the stock and then made a cash donation. The reason is simple: avoiding capital gains taxes. … But if you donate the stock directly to a charity, there are no capital gains tax to pay. Please contact your accountant or tax professional for your specific situation.
Opening an account with our partner, Stock Donator, is FREE and you will receive a receipt for the FULL VALUE of your donations.