How to Make a Gift of Stock

To make transferring appreciated assets easier for you, here is the information you will need to donate a gift of Stock to the FKSPCA:

• DTC Number- 0226
• Account Number- CFJ713978
• Name & Address of Receiving Institution:
  • First Horizon Advisors, 1101 Brickell Ave, Suite N100, Miami, FL 33131
  • First Horizon Contact- Siby Vizoso, 786-474-9327
• FKSPCA EIN (Tax ID) #- 65-0891564
• FKSPCA Contact- Jennifer Rockford, Jennifer@fkspca.org

Should you choose to make a gift of Stock, please know that the gift sometimes comes to us without identifying the donor.  When this happens we won't know who the donor is.  It is of utmost importance we recognize and properly thank our supporters for their generosity.  If possible, when sending a donation through a brokerage, send a quick email to our Development Director by clicking here so we can be sure to know it's you who is supporting our cause!

Did you know gifts of Stock and Equities can give your family a big tax benefit even in a fluctuating market?

• Many donors take advantage of giving stock gifts because you can receive a charitable income tax deduction for the full fair market value of the stock (up to a max of 30% of your AGI) and avoid paying capital gains tax on any increase in the value of stock.
• You can reduce capital gains without changing your portfolio!  If you donate appreciated stock to our organization, you can then buy the same stock with cash, reducing the capital gains tax you'll pay when you do sell it.
• If you have owned the stock for less than a year, you can still donate it to the FKSPCA, but your deduction will be limited to what you paid for the stock versus its current value.
• If it's a stock that has lost its value, but you would still like to donate it, you can sell the stock first, donate the cash, receive a charitable donation as well as be able to take a capital loss when you sell the investment!
• Watch this short video from FreeWill CEO Patrick Schmitt about WHY stock is such a great way to give!

Make sure to ask the brokerage firm about this procedure and time frame for giving stock.  Most banks and brokerage firms require a letter of instruction or authorization to transfer the shares to charity. A mutual fund company may have a special form.

See how the gains you make when selling stocks will be impacted by capital gains taxes in your location by using this Tax Calculator.

**The information contained here is not intended to be financial or legal advice. Please consult an attorney or qualified adviser to make choices that best fit your situation.

Make a QCD (Qualified Charitable Distribution) Gift:

If you are eligible and ready to make your QCD:

• Create your QCD in support of the Florida Keys SPCA;
• Contact your financial advisor for the forms you need to complete and mail your gift;
• Request a tax acknowledgement letter from our Development Director by clicking HERE for a QCD you’ve already made; and
• Learn more about IRA giving today!

Giving a QCD can be extremely tax beneficial for individuals over 70.5 years old through a Traditional IRA.

• Normally a distribution from a traditional IRA is taxable since you as the account holder did not pay taxes on the contributed money originally.
• If you are 70.5 years of age or older, you can make up to a $100K donation from your traditional IRA through a Qualified Charitable Distribution (QCD) without it being considered a taxable distribution.
• This QCD will effectively lower your AGI.
• Because less than 10% of Americans will itemize their deductions, this tax break is very beneficial for individuals who could not deduct all or part of their charitable donations because they do not have enough deductions to go over the standard deduction or due to the IRS rule prohibiting a deduction for donations that exceed 60% of a taxpayer's AGI.
• If you are retired, but are unable to give a cash donation due to your fixed income, this is a perfect way to give to our organization and keep the distribution out of your taxable income.
• Giving a QCD from a traditional IRA can also help you meet all or part of your Required Minimum Distributions (RMD) and avoid tax penalties. Consider making your QCD an annual recurring gift to ensure you will always meet your RMDs and have no income tax on those RMDs.

Using an IRA to make a charitable donation can help lower a tax bill and support our life saving mission. For your donation to be applied for tax breaks, we must receive it by December 31st in the current year. 

**The information contained here is not intended to be financial or legal advice. Please consult an attorney or qualified adviser to make choices that best fit your situation.

Cryptocurrency, or Crypto, is one of the newest ways you can support the animals of the Florida Keys SPCA!  To make your Crypto donation to the FKSPCA, click HERE! When choosing the nonprofit to donate to, type in Florida Keys Society for the Prevention of Cruelty to Animals.

Similar to property or stocks, Crypto is subject to capital gains taxes. By donating Crypto to the Florida Keys SPCA, you can help yourself at tax time by avoiding these taxes and possibly receiving a federal tax deduction, especially if your Crypto has seen a massive surge in appreciation! As well, donating Crypto can help make an even bigger impact towards our mission.

Cryptocurrency donations are processed by Cocatalyst Impact, Inc and Crypto for Charity, partner charities of FreeWill, and the net proceeds are promptly sold and transferred to the Florida Keys SPCA in U.S. dollars. We do not maintain a reserve of Cryptocurrency, therefore all Crypto donations to the FKSPCA are final. Coctalyst will send you a donation receipt to use towards tax deductions.

If you have additional questions about Crypto and how donating works, check out FreeWill's FAQ page HERE!  Additional questions?  Contact our Development Director Jennifer Rockford at Jennifer@fkspca.org.

Do you have a Donor Advised Fund?  Consider giving a grant to the animals today!

• Choosing the Florida Keys SPCA as a grant recipient from your Donor Advised Fund is an easy and wonderful giving vehicle to benefit our animals.
• Whether your gift is made once, multiple times in a year or becomes an annual recurring donation it will make a meaningful and lasting impact on the overall welfare of the homeless animals in the Middle and Lower Keys.
• Should you choose to make a gift from your DAF, please know that the gift sometimes comes without identifying the donor.  When that happens we won't know who the donor is.  It is of utmost importance we recognize and properly thank our supporters for their generosity.  If possible, when sending a donation through a Donor Advised Fund, send a quick email to our Development Director by clicking here so we can be sure to know it's you who is supporting our cause!

If you have questions on how to support the Florida Keys SPCA through a Donor Advised Fund, please contact your financial advisor or the FKSPCA at (305) 294-4857.

**The information contained here is not intended to be financial or legal advice. Please consult an attorney or qualified adviser to make choices that best fit your situation.

Give the gift of property to benefit the animals!

• Gifts of real estate are often attractive alternatives to traditional gifts.
• When you make a gift, you can deduct the appraised value of the property from your income tax liability. You can also avoid capital gains liability, remove the property from your estate, and relieve yourself of any future management worries.
• There may be restrictions and you should contact your legal or tax advisor for an explanation of the limitations.
• Should you decide you would like to donate your property after your death, but would like to retain use of the property during your life, you can make a Retained Life Tenancy Gift.  This transfers ownership of your residence or parcel to the Florida Keys SPCA after your death in which the FKSPCA will either use the property or proceeds from its sale to further our mission.

If you are interested in donating property to the Florida Keys SPCA contact your financial advisor today! 

**The information contained here is not intended to be financial or legal advice. Please consult an attorney or qualified adviser to make choices that best fit your situation.