Stock Donation FAQ

Many donors choose to make stock gifts each year. A charitable gift of stock held for more than 12 months offers a two-fold potential tax savings:

• Avoid paying capital-gains tax on the increase in value of your stock, and
• Receive a tax deduction for the full fair market value of the stock on the date of the gift

Subtracting the tax savings from what you originally paid for the stock can result in a gift that costs just pennies on the dollar. This is an excellent giving option for stocks that have appreciated substantially in value.

In addition to the attractive tax benefits of a gift of stock or mutual fund shares, you will have the satisfaction of knowing that you are helping families achieve the dream of homeownership.

How to initiate a stock transfer

The fastest and easiest way to make a gift of stock is to have your broker perform an electronic transfer.

Please notify our development staff at donations@hbimn.org or 763-746-4822 regarding your interest in making a donation of stock or securities and we will supply contact information for Homeward Bound’s Broker and instructions for DTC delivery.

We will follow each step in the transaction closely to ensure everything moves smoothly and properly acknowledge your gift in a timely and efficient manner.