Stock vs. Cash Donations with HCR Wealth Advisors

With the Holiday season in full swing and the end of the year only days away, it is time for many clients of HCR Wealth Advisors to look into their final donations for this calendar year. HCR clients have the option to donate their stocks instead of cash this holiday season. These organizations have the option to utilize these assets as they see fit by allowing them to grow or cashing them in, based upon their own needs.

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When HCR clients donate stocks to their respective charities and organizations, they may be able to receive their tax deduction as they would for any cash donations. When removing these stocks from the portfolio for a donation, they are also removing a tax liability for future payments, which provided double the benefit for the donating client. Beyond the benefits that donating stock has to the client personally, they are donating much more when they choose stocks. Because they have the potential to continue growing in value, these organizations can invest in these stocks for their own wealth management and the donation become much more valuable than its initial value. When a cash donation is gifted, that is the maximum value that an organization can receive from that single donation. HCR Wealth Advisors can help make the switch for clients and ensure that the donation process is properly administered.

The financial experts at HCR Wealth Advisors want to offer their clients a variety of options that allow them the opportunity to maximize their charitable donations and spread their good fortune as far as it can go. While these charitable acts can alleviate some of the tax burdens, having options to give to these causes can make a difference in how an organization will fare in the future and what their options are based upon what was donated. Make your gift count this holiday season and reach out to your advisor today.

This article is provided for informational purposes only and should not be interpreted as investment advice.

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