Did you know that donating stock is one of the smartest ways to give — and it benefits you while supporting OCA?
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Dear advocate,
As you already know, tomorrow is Giving Tuesday — an important day of the year for OCA-Asian Pacific American Advocates and our efforts to advance the social, political, and economic well-being of Asian Americans and Pacific Islanders.
But today is Stock Monday, and I want to share a way that many of our dedicated supporters, like you, are making the most of their end-of-year donations. Did you know that donating stock is one of the smartest ways to give — and it benefits you while supporting OCA?
By donating stock directly to OCA rather than selling it, you can avoid paying the capital gains tax. Capital gains tax is a tax on the profit made from the sale of a non-inventory asset like stock. If you donate a long-term holding and itemize deductions, you can also take a charitable deduction of the entire donation.
After donating stock, if you want to maintain your holdings, you are eligible to buy the same stock again within the day. This allows you to make a powerful, tax-savvy gift while maintaining your portfolio, no matter the market.
To make this process simple for you, this free online tool ([link removed]) allows you to make this gift easier than ever. After you provide some details about the assets you wish to transfer, you can either print and mail your forms, or donate entirely electronically — whichever you’re comfortable with.
MAXIMIZE MY IMPACT ([link removed])
Jumpstart your end of year giving by celebrating Stock Monday — and maximize your impact with OCA, while minimizing your tax burden. For your gift to be eligible for your 2021 tax return, you must give by December 31, 2021. I hope you find this information useful as you consider all of your options for giving.
Sincerely,
Thu Nguyen
Executive Director, OCA-Asian Pacific American Advocates
P.S. Want to learn even more about the benefits of donating appreciated assets on Stock Monday? Learn more today! ([link removed])
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