WEco is excited to introduce a brand-new option for supporting our work through charitable giving! We are now accepting stock donations.
If you have not donated appreciated stocks before, it is something that tax advisors strongly recommend because of the outstanding tax advantage. A donation of stock allows you to deduct the full market value of the stock from your taxable income without paying any taxes on the capital gains.
In other words, the capital gains that you would otherwise have to pay taxes on turns into a deduction that will save you taxes on your normal income. You get to avoid taxes in two places.
For more information see this article on CBS.
To take advantage of this savings while contributing to WEco’s mission, please contact firstname.lastname@example.org for our brokerage account information.
Please note: We have been advised that stock donations should be initiated by mid-December in order to be sure they will process in time to apply next tax year.
Thank you very much for considering this unique way to support our work to inform and engage more Coloradans on water!