At KiMe, we are always looking for support in a number of ways. Using the old adage of donating your “Time, Talent, and Treasure” we are always in search of those willing to volunteer their time or their expertise to help advance the cause of finding a cure for Parkinson’s. With that said, let us focus on the concept of donating your “Treasure” that is to say, offering KiMe financial support.
Oftentimes, when one considers supporting a charity, and they think of offering monetary support, the immediate thought that comes to mind is writing a check to that charity. Certainly, that is one of the most utilized and well know ways of doing so. However, there are other great ways to offer financial support. Your “Treasure” is not limited to what is in your checking accounts. Many have investment portfolios that offer plenty of opportunities to be utilized for charitable support. If you are wondering what you can give from your investment portfolio, here are some common examples of what many donate:
- Appreciated Stocks and ETFs
- Appreciated Bonds
- Appreciated Mutual Funds
If your investment portfolio is made up differently, say mostly comprised of a business interest or company stock with an employer, you still have an opportunity to donate some lesser-known and less liquid items such as:
- Private company C Corp, S Corp, LLC and LP interests
- Private equity
- Hedge fund interests
- Pre-IPO shares
- Restricted stock
- Life insurance
- Bitcoin and other cryptocurrencies
- Retirement assets
- Oil & gas royalty interests
- Select Real Estate Property
Keep in mind, that some charities cannot accept some of these items directly, however you may be able to donate them by using a Donor Advised Fund. A Donor Advised Fund, or DAF for short is simply a charitable vehicle whose sole purpose is to act as an investment account for funds dedicated to supporting charities. Many of these DAFs have been around for quite some time and do offer you a large amount of control as to how to direct funds. Institutions such as Fidelity Investments, Charles Schwab, and Vanguard have very commonly used DAFs that are quite simple to fund and use.
Most Importantly, if you are willing to give, KiMe will gladly accept the support, in any which way, that is your Time, Talent, or Treasure. Hopefully, if you wish to give financially, please know there are many ways to do so.
Joseph A. Siragusa, CFP®VP/ Branch Leader
Fidelity Investments
Knoxville/Chattanooga Investor Center
865-288-1796 x50126
Brokerage Services are provided through Fidelity Brokerage Services LLC, and investment advisory services are provided through Fidelity Personal and Workplace Advisors LLC. Both Fidelity companies.
Fidelity Brokerage Services LLC, Member NYSE and SIPC 900 Salem Street, Smithfield, RI 02917.
