Donate stock online and support clean water
Online stock donations are highly tax-efficient and can be done online instantly.
Clean water is a human right and we want to live in a world where everyone, everywhere, has access to clean water. It is as simple as that. Right now, 2 billion people do not have clean water close to home. 3.6 billion people in the world – almost half – do not have a safely managed sanitation service at home. We want to change this because we need to change this.
WaterAid was founded in 1981 and so far we have reached 28.5 million people with clean water and equipped 27.8 million people with toilets. We do this one one village, one community, one district at a time and we're only just getting started. We have a 2022 Platinum Seal of Transparency from Guidestar and a Four Star Rating (the highest) from Charity Navigator. Please support our work and be part of the solution.
Because clean water, toilets and hygiene matter. Together they save lives. In the long-term, they are the stepping stone towards real progress, in terms of education, employment, better health and economic opportunity. These three basics are fundamental to equip communities so they can flourish. During the first years of the Covid-19 pandemic, our teams were on the frontlines of the response, offering a wide array of services, from providing PPE in Nepal, to "no touch" sinks in Uganda and much, much more. Learn more
Why donate in stock?
There is a considerable tax advantage if you choose to donate in stocks versus credit card or bank transfer.
Stock donations will bring you substantial tax benefits if you've held the stock for more than a year and plan to claim itemized deductions.
Imagine that last year you bought some Apple shares for $10,000 and that today they are worth twice as much, $20,000. If you donate the entire amount to a charity of your choosing, you can claim a charitable donation deduction of the current market value of the shares — the full $20,000!
Depending on your tax bracket, such a donation could generate anywhere from $3,000 to $7,400 in tax savings. The higher your tax bracket is, the larger your tax deduction will be. For those in the higher tax brackets, you can potentially cut your tax bill by $7,400 when you only paid $10,000 for the original shares.
In addition, when you hold on a stock share for more than 12 months, you'll have to pay a tax on its appreciation amount. But if you donate the stocks instead of selling them, you won't have to pay any tax at all! This is why many investors prefer to donate highly appreciated stock in order to maximize their tax benefits — such a donation will result in a larger itemized deduction and no capital gains tax.
Giving stock is the only way to avoid capital gains tax
Ever wondered how you can avoid paying taxes when you decide to sell your stock options? Imagine a scenario in which you sell your long-term appreciated securities first and donate the proceeds to WaterAid. After selling the stock, you will have to pay a capital gains tax, which can be anywhere from 15% to 20% depending on your tax bracket.
As a result, you will end up paying a massive tax and making a donation that is 20% less than you would have made had you donated your investments directly.
The conclusion? Giving stock directly to WaterAid can help to reduce any capital gains tax and will mean more income to our clean water projects around the world.
Why donate in stock?
There is a considerable tax advantage if you choose to donate in stocks versus credit card or bank transfer.
Stock donations will bring you substantial tax benefits if you've held the stock for more than a year and plan to claim itemized deductions.
Imagine that last year you bought some Apple shares for $10,000 and that today they are worth twice as much, $20,000. If you donate the entire amount to a charity of your choosing, you can claim a charitable donation deduction of the current market value of the shares — the full $20,000!
Depending on your tax bracket, such a donation could generate anywhere from $3,000 to $7,400 in tax savings. The higher your tax bracket is, the larger your tax deduction will be. For those in the higher tax brackets, you can potentially cut your tax bill by $7,400 when you only paid $10,000 for the original shares.
In addition, when you hold on a stock share for more than 12 months, you'll have to pay a tax on its appreciation amount. But if you donate the stocks instead of selling them, you won't have to pay any tax at all! This is why many investors prefer to donate highly appreciated stock in order to maximize their tax benefits — such a donation will result in a larger itemized deduction and no capital gains tax.
Giving stock is the only way to avoid capital gains tax
Ever wondered how you can avoid paying taxes when you decide to sell your stock options? Imagine a scenario in which you sell your long-term appreciated securities first and donate the proceeds to WaterAid. After selling the stock, you will have to pay a capital gains tax, which can be anywhere from 15% to 20% depending on your tax bracket.
As a result, you will end up paying a massive tax and making a donation that is 20% less than you would have made had you donated your investments directly.
The conclusion? Giving stock directly to WaterAid can help to reduce any capital gains tax and will mean more income to our clean water projects around the world.
Calculate your tax savings