Giving Back to the Community Through Gifts of Securities

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When Araxie’s husband died suddenly at the age of 62, she was devastated. Coping with that loss has been one of her life’s biggest challenges. Looking for healthy ways to deal with the pain of loss, Araxie researched charitable giving and specific causes that she could support.

“I knew a little bit about The Salvation Army because I donated clothing to our local thrift store and dropped coins in the red kettle at Christmas,” says the 77-year-old. “Then, when I learned the organization gave 88 cents of every dollar raised directly to people in need, I thought ‘wow this is an organization worth helping.’”

Araxie was well-looked after when her husband passed away. She was grateful and wanted to share with others. Her desire to support The Salvation Army was confirmed when her son called to say that The Salvation Army helped him with blankets and other items after his residence was damaged by smoke from a neighbour’s house fire.

“Donating stocks to The Salvation Army is easy,” says Araxie. “I tell my financial advisor what I want to give, and he takes it from there. It isn’t a lot of paperwork or phone calls.”

A charitable donation of publicly traded securities such as stocks, mutual funds, bonds or futures results in a tax receipt for 100% of the value of the gift on the day of the transfer. By donating publicly traded securities, you eliminate the capital gains tax that you’d have to pay if you sold the securities and then donated the proceeds.

“Giving to The Salvation Army is good for them and it’s good for me,” says Araxie. “While getting a tax break my donation is going to programs and services that have immediate impacts for the poor, the homeless and even people who survive disaster. There is no better feeling than that.”

For more information about donating stocks, please contact, 1-855-546-5556 or click here.