Give Stocks, Mutual Funds
Volunteers of America can provide information about donating stocks and mutual funds, as well as other planned giving opportunities. Email us or call (504) 482-2130.
Donor
Profile: Romi Gonzalez, III
First
Vice President, Wealth Management,
Financial Planning Specialist,
The Spiro Group,
Morgan Stanley Smith Barney
Volunteers of America's work with veterans in crisis touched Romi Gonzalez.
As
a first-time guest at Volunteers of America's annual Reach For The
Stars Breakfast, Gonzalez was impressed by a veteran who spoke to the
group about how our Veterans Transitional Housing Program saved his
life.
“Assisting
veterans who come back after serving all of us had always been an
important cause to me, but I never explored how to effectively give
to that, specifically. Volunteers of America gave a great presentation,” he
says. Gonzalez already volunteers to help Louisiana National Guard
members get their financial lives in order before deployment.
He
decided to support Volunteers of America with a gift of stock.
“If
I am lucky enough to have a stock that is worth substantially more
than what I paid for it, I am happy to give some to
charity. It is the definition of a win-win scenario. The charity
gets the stock, and I get the benefit of the charitable gift in a
more tax-efficient manner.”
Gonzalez
says donating was easy and convenient. He now
recommends our organization to others as a worthwhile charity.
“Volunteers
of America does a lot more than you realize,” he says, adding that
every person should find a cause that touches their hearts
among Volunteers of America's many helping programs.
How To Donate Stocks And Mutual Fund To Charity
Donating stocks or mutual fund gifts to Volunteers of America can bring you significant tax and estate benefits while making a genuine difference in the lives of people in need. Gifts of stocks and mutual funds are always welcome. Much like
cash, gifts of stock are tax-deductible at full fair market value, if
held for a year and a day.
Volunteers of
America benefits from the full current value of gifts of stock and mutual funds, and
neither you nor Volunteers of America are required to pay capital
gains tax.
Shares that pay low dividends, shares you believe
have reached their maximum price, or shares you want to eliminate
from your portfolio for other reasons make perfect choices for
contribution. Volunteers of America welcomes these gifts.
If you are interested in making a gift of stocks or mutual funds, it's important to remember that you should not sell the stock and donate the proceeds —
this will jeopardize your tax benefits.
It's easy to make a donation of stocks or mutual funds Be prepared to
provide your broker’s name, telephone number, name of the stock and
number of shares you wish to contribute. We will contact your
broker. You will be notified of the contribution deduction based on
the date of your securities transfer.
Who Will Your Stock Or Mutual Fund Donation Help?
Volunteers of America helps more than 63,000 people in need throughout 16 south Louisiana parishes. All our programs extend a hand up to local people in need--children, families, people with disabilities and the elderly. Donating your car helps us do so much. Your donation funds charitable programs that help children seeking adoptive parents, mentoring and enrichment programs for at-risk youth and persons with disabilities. Donating your car helps us serve veterans who are homeless and provide lasting solutions for homeless persons in recovery from substance abuse. Your donation helps us protect seniors from abuse and neglect--and so much more!
Volunteers of America Greater New Orleans is
a non-profit human service organization that helps more than 63,000
people in need each year throughout 16 parishes in southeast Louisiana.
You can help by donating your vehicle, stocks and mutual funds, and insurance, or making a planned gift or volunteering your time. Sign up today to learn more about our programs and services.
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Volunteers of America serves these locations:
New Orleans 70112 70115 70116 70118 70119 70125 70130, Jefferson 70001 70002 70003 70005 70006 70123 70065, St. Tammany 70448 70420 70452 70460 70433, St Bernard 70032 70043 70044 70075 70085, Washington 70438 70427 70422, St. James 70086 70763 70086, St. Charles 70080 70030 70090, St. John 70084 70049 70051 70076, Tangipahoa 70401 70402 70403 70404, Plaquemines 70040 70037 70093 70082, Terrebonne 70397 70363 70353, LaFourche 70345 70354 70357 70345, St. Mary 70340 70514 70380, Assumption 70341 70341 70372, Livingston 70706 70727 70726, St. Helena 70441 70453