Did you know? Giving stocks to charity

You may already be aware that you may benefit from a U.S. tax deduction when providing cash donations to your favorite charity or non-profit. But, did you know that you can also donate stocks?

Gifting stocks to a charity benefits not only the charity, but the donor as well. By transferring the stocks "in kind" to the designated charity, the donor will avoid a U.S. capital gains tax and still be eligible for a U.S. tax deduction. Here in Belgium, many charities are covered through the King Baudouin Foundation as well as others such as CAFAmerica which provide 501c status to international entities outside the U.S., making donors eligible to receive U.S. tax benefits.

Within the American Club of Brussels network, we are always looking for ways to help charity and non-profits in Belgium, such as these organizations below. We encourage you to seek out these organizations and others you may know to support them by volunteering, sharing their news with your network and helping to meet their financial needs through cash or stock donations.

The Augusta Chiwy Foundation was created to celebrate the strength of the human spirit and encourage selfless service to humanity through the creation and production of documentary films, scholarships, grants, educational materials and lectures.

CHS operates a free, 24/7, anonymous and confidential helpline in English for the benefit of children, adolescents and adults of the international community in Belgium who find it easier to use English rather than one of the official languages of Belgium.

PATHWAYS works with high school students and teachers to build interest-based negotiation skills and to establish a shared framework for creative problem solving by providing experiential workshops, and ongoing learning in the classroom.

The Fulbright Program, the U.S. Government’s international exchange program, is designed to increase mutual understanding between the people of the U.S. and of other countries. Grants are awarded to American and foreign nationals to study, teach, lecture and conduct research abroad.

Greenlight for girls (g4g) is an international non-profit organization headquartered in Brussels. Through hands-on events, activities, workshops and scholarships, they encourage children to pursue STEM studies by demonstrating the fun in science.

An international humanitarian movement with approximately 97 million volunteers, members and staff worldwide which was founded to protect human life and health, to ensure respect for all human beings, and to prevent and alleviate human suffering.