Donating appreciated stock, bonds, or mutual funds

This is an impactful and easy way not only to support weaving and the fiber arts, but also to save on taxes.

By making a gift to the Handweavers Guild of America through your appreciated stock donation, you’ll not only support the fiber arts today, but you’ll also ensure a creative and connected community for generations of fiber artists to come.

A powerful way to give

Making a gift of your appreciated stocks, bonds, or mutual funds to the Handweavers Guild of America not only supports weaving and the fiber arts, it saves you money on taxes.

When you donate your appreciated stock, mutual funds, or bonds to the Handweavers Guild of America, we sell your gift and use the proceeds for supporting the fiber arts.

You avoid paying capital gains tax and might also be eligible for a charitable income tax deduction, and you also use your gift of appreciated stock, mutual funds, or bonds to help the fiber art community. Ask us about making a gift of appreciated securities to fund a charitable gift annuity.

As an example of how you and the fiber art community benefit*, the market value of a gift of $100,000 has a $68,500 cost to you when you factor in cost basis ($50,000), charitable deduction ($24,000**), and capital gains tax avoided ($7,500***).

*Figures may vary based on the income tax laws in your state.
**Calculation is based on a 24% federal income tax bracket.
***Calculation is based on a 15% long-term capital gains tax rate.

Making your gift of stocks, bonds, and mutual funds

Making a gift of your appreciated stocks, bonds, or mutual funds is easy with the help of your tax or financial professional.

As always, we recommend that you consult your tax or financial professional for advice before making charitable donations. You can print and bring this stock gift fact sheet to your consultation. The first step in making a gift of this type is to provide your with the following securities transfer information*:

DTC code: 0015
Account number: 574-048319
Account name: Handweavers Guild of America, Inc.
HGA EIN: 06-0866181
Receiving institution: Morgan Stanley**

*When you make a gift to Handweavers Guild of America by transferring stocks into our account, we do not receive any information that identifies you as the donor. To ensure that you receive a proper tax acknowledgement of your gift, please let us know. You can reach us by emailing HGA@WeaveSpinDye.org or by calling 678-730-0010.

**Morgan Stanley is a financial intermediary whose name might appear in any transactions.

Leave a woven legacy

Planning your gift today will make a difference for the fiber art community for years to come, making you a Forever Friend.

The gifts of Forever Friends provide inspiration and support for fiber artists long into the future.

 

Becoming a Forever Friend