Tamarack Wildlife Rehabilitation & Education Center

Brokerage Account Established

A donor who wishes to remain anonymous has made a generous gift of stock to Tamarack, which has formed the basis of an account at JannyMontgomery. We hope to attract additional stock donations to add to our investment account.

Donations of appreciated assets can provide the double benefit of avoiding capital gains taxes while simultaneously getting a tax deduction. According to our research, this tax move is most beneficial if you donate stock you've owned for more than a year and its value has increased substantially.

When selling appreciated stock you have to pay capital gains on your profit, even if you give the cash you make from the sale to a charity. If you give the stock directly as a charitable donation, you can claim a deduction for the full asset price at the time you donated it and escape the capital gains bill.

Many thanks to our supporter for getting our investment account started! Please check with your own accountant or tax advisor and consider helping through additional donations of stock.