By donating stock to Erika’s Lighthouse, you have the opportunity to make a meaningful impact on adolescent depression and ensure school communities have the knowledge and resources they need to support students’ mental health.
There are many benefits to giving stock to Erika’s Lighthouse. First, it is a tax-deductible donation. This means that you can deduct the full value of your donation from your taxable income. Second, giving stock can help you save on capital gains taxes. If you donate stock that has appreciated in value, you will not have to pay capital gains taxes on the appreciation. Third, giving stock is a convenient and easy way to make a donation. You can simply transfer your stock directly to Erika’s Lighthouse.
Donating stock can increase both the value of your gift and the tax benefits. It is a tax-deductible, capital gains-tax-saving, and convenient way to support adolescent mental health.Â
Tax Benefits of Giving Stock
When you donate stock to Erika’s Lighthouse, you are not just making a gift to a worthy cause. You are also saving money on taxes. The IRS allows you to deduct the full fair market value of the stock from your taxable income. This means that if you donate stock that is worth $1,000, you can deduct $1,000 from your taxes.
In addition, if the stock has appreciated in value since you purchased it, you will not have to pay capital gains taxes on the appreciation. For example, if you purchased stock for $500 and it is now worth $1,000, you will not have to pay capital gains taxes on the $500 of appreciation.
The Convenience of Giving Stock
Giving stock is a convenient way to make a donation. There are two ways to donate stock to Erika’s Lighthouse. You can donate by electronic transfer by reaching out to Meade Means at meade@erikaslighthouse.org or 847-386-6481 for our brokerage information. Or you can donate online on our website. We will instantly receive your donation and be able to quickly put your gift to work, bringing mental health education to schools nationwide.Â
Impact of Your Gift
Making a donation of stock to Erika’s Lighthouse enables us to continue to help transform school communities around mental health and support our vision to ensure that every child in every school:
- Receives high-quality, evidence-informed mental health education
- Has knowledgeable adults that are willing and able to help
- Have trusted adults they can turn to when in need
- Have a safe, inclusive, and welcoming environment
- Know that they are worthy of good mental health
- Have open conversations about mental health with supportive peers
- Have the vocabulary, shared values, and comfort to seek help
- Never feel alone in their mental illness or depression
- Receive help before ever experiencing suicidal ideation.
