Maximize Your Impact with Appreciated Securities
Looking to make a significant impact on the future of sport fishing while possibly enjoying tax benefits? Long-term appreciated securities – which are stocks, bonds, or mutual funds that you've owned for more than one year and that have grown in value since purchase – offer a powerful way to support the IGFA. Donating these appreciated investments can be as rewarding as landing a record catch, allowing you to advance our mission while potentially avoiding capital gains taxes.
You have the flexibility to donate some or all your shares in an appreciated security. When you transfer long-term appreciated securities directly to the IGFA rather than selling them first, you may create three significant advantages:
- You may receive a charitable income tax deduction for the full fair market value of the securities
- You may avoid paying long-term capital gains tax on the appreciation
- Your gift will immediately support IGFA's critical work in advancing conservation, education, and angler recognition
Ready to make your gift of appreciated securities? Like following the steps of a well-practiced cast, the process is straightforward:
- Check in with your tax advisor or legal professional to ensure this is the right strategy for you
- Identify appreciated securities you've owned for more than one year
- Contact us for our transfer instructions and account information
- Work with your broker to complete the transfer
- Receive your written acknowledgment for tax records
To receive tax benefits for the current year, be sure to allow enough time for your transfer to be completed before December 31.
Your gift of appreciated securities advances vital work in game fish conservation, youth education, and recognition of outstanding achievements in our sport. By choosing this tax-wise giving strategy, you ensure your support creates lasting waves of impact for generations of anglers to come.
Please note that certain securities may not qualify for these tax advantages. Every individual's financial situation and philanthropic goals are unique, just as every angler's relationship with the sport is personal. This information is for educational purposes only and, as always, be sure to consult your tax professional or advisor for the advice best tailored to your individual circumstances. The key is to find a strategy that aligns with your financial objectives while supporting the aspects of IGFA's vision and mission that resonate most with you.
Ready to make your gift? Contact us for our transfer instructions and brokerage account information. You may contact Barbara E. Cini, JD, CFRE, Chief Development Officer, at [email protected] or 954-498-7153, or Eric Combast, Development Director, at [email protected] or 954-924-4325.