Stocks and Securities
When you support CPA through a stock donation, you can help create a brighter future for people who deserve a second chance. Consider making a stock donation to CPA today.
Major donor, former Board Member, and long time friend of CPA, Louis Lista owner of
The Pond House Cafe at Elizabeth Park.
WAYS TO GIVE
THE BENEFITS OF DONATING STOCKS
It is a win-win. Donating stock directly to a nonprofit like CPA can increase the amount of money received by the charity while reducing the tax burden for the donor.
For you, the donor: When you donate appreciated securities (investments that have increased in value from the time they were purchased), some individuals and households may be able to take advantage of IRS tax provisions to claim a charitable tax deduction for the full, fair market value of the securities. This means you may avoid paying capital gains tax on the transfer.
Your financial advisor can explain the possible tax benefits depending on whether the stock has appreciated or lost value since the time you acquired it.
For CPA: By donating appreciated stock directly to CPA, we receive a larger donation than if you donated the cash after the sale of these securities. When you donate stock that has appreciated for over a year to a nonprofit, you typically do not have to pay capital gains taxes.
Stretching the impact of your donation allows CPA to broaden the support we provide to youth, women and men in the justice system and help position them to thrive in the community.
How To Donate To CPA: A Step-by-Step Guide
Step 1: Choose what type of stock and how many shares you want to donate.
You will need to know the name of the stock and its ticker symbol if it is a publicly-traded stock.
Step 2: Contact your financial institution to request the transfer.
Provide your advisor or broker with the following wiring instructions:
CT TAX ID #06-0646592
Step 3: Contact us to inform us of your gift.
Please contact us in advance at
(860) 616-2001 or donate@cpa-ct.org to let us know that you are gifting stock to Community Partners in Action in order to receive your tax receipt.
Step 4: Look for a tax receipt and acknowledgment letter from Community Partners in Action.
You will receive an acknowledgment following your donation to confirm your gift was processed.
To claim the tax benefits of donating stock to Community Partners in Action, report the stock donation when you file your tax return.
How to make a stock donation through your institution
Click on the institution name that holds your stock account, then follow the instructions on how to give stock.