At the Haitian American Friendship Foundation (HAFF), we are committed to transforming lives through education, community development, and spiritual growth in the Central Plateau of Haiti. Our work is made possible by the generosity of donors who share our vision of a brighter future for the people of Haiti. While cash donations are always appreciated, there’s another impactful way to support HAFF’s mission—by donating stock.
Donating appreciated stocks, bonds, or mutual funds to HAFF can be one of the most tax-efficient ways to give, benefiting both you and the communities we serve. Here’s why you should consider this form of giving.
1. Maximize Your Impact While Minimizing Taxes
One of the greatest advantages of donating stock is the potential to avoid paying capital gains tax on the appreciation of the stock. If you’ve held the stock for more than a year and it has increased in value, selling it would typically result in a capital gains tax. However, by donating the stock directly to HAFF, you can avoid this tax, allowing you to give more to support our mission.
Moreover, you may be eligible to deduct the full fair market value of the stock on your income taxes, up to 30% of your adjusted gross income (AGI). This means your gift could go further in supporting HAFF’s education and community development programs, all while providing you with significant tax savings.
2. Support Critical Programs in Haiti
Your stock donation can help sustain and expand HAFF’s vital programs in Haiti. From providing quality education to children who would otherwise have limited access, to fostering community development projects that empower local residents, your contribution can make a profound difference.
Education is a cornerstone of HAFF’s work. By donating stock, you can help us continue to offer scholarships, support teachers, and maintain school facilities that are crucial for the academic success of our students. Additionally, your gift can bolster our efforts in pastoral training, discipleship. and spiritual growth programs designed to uplift the name of Jesus.
3. A Simple and Efficient Way to Give
Donating stock to HAFF is easier than you might think. Most donors can complete the process in just a few steps:
• Step 1: Contact HAFF to express your interest in donating stock. We can provide you with our brokerage account information and answer any questions you may have.
• Step 2: Instruct your broker to transfer the shares to HAFF’s brokerage account. You may need to fill out a simple form to initiate the transfer.
• Step 3: Notify HAFF of your donation so we can properly acknowledge your gift and provide you with a receipt for your tax records.
Our team is here to assist you every step of the way, ensuring that your donation is processed smoothly and that you receive all the necessary documentation for tax purposes.
4. Planning for the Future
For those who are engaged in long-term financial planning, donating stock to HAFF can be an integral part of your charitable giving strategy. By including stock donations in your financial plan, you can support HAFF’s mission year after year, while also managing your tax exposure and aligning your portfolio with your philanthropic goals.
If you’re interested in making a lasting impact, consider setting up a donor-advised fund (DAF) through which you can donate stock to HAFF and other charitable organizations over time. This flexible giving vehicle allows you to make a significant contribution now and decide later how the funds will be distributed.
5. Your Gift Can Change Lives
At HAFF, we believe that every donation has the power to change lives. By donating stock, you’re not just giving a financial asset—you’re investing in the future of Haiti. Whether your donation supports a child’s education, improves community health, or strengthens local agriculture, it will have a lasting impact on the people of Haiti.
Conclusion
Donating stock to the Haitian American Friendship Foundation is a powerful way to support our mission of education and community development in Haiti. With the potential for significant tax benefits, this method of giving can help you maximize your impact while also benefiting your financial health.
If you’re considering donating stock to HAFF, we encourage you to speak with your financial advisor to understand how it fits into your overall giving strategy. Together, we can continue to build a brighter future for Haiti, one donation at a time.
To reach us, just reply to this email.
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