DonateStock Announces $500,000 Matching Pool Funded by the Wag! Community Shares Program to Boost End-of-Year Giving

Matching pool to amplify stock gifts to U.S. nonprofits

HOUSTON, TX (November 10, 2022) - DonateStock, a charitable stock gifting platform, announced a $500,000 matching pool to boost end-of-year giving. Starting November 15, 2022, DonateStock will match dollar-for-dollar up to $1,000 per stock gift processed by DonateStock to registered nonprofits across the country. The program will run until $500,000 in matching gifts are made, concluding at the end of the year.

Matching funds are made possible through DonateStock’s work with Wag! Group Co. (“Wag!”; NASDAQ: PET) and its Community Shares Program to eligible nonprofits that was announced earlier this year linked here.

"The Community Shares Program was a first-of-its-kind stock donation program and we're thrilled to work with DonateStock to distribute half a million dollars through a match campaign to deserving non-profits across the US," said Garrett Smallwood, CEO and Chairman of Wag!.

Donating stock to charitable organizations offers significant advantages to both donors and recipients. Donors win by avoiding capital gains tax on gifted shares while deducting the fair market value of the stock. Nonprofit organizations win as pre-tax stock donations are often much larger than after-tax cash donations. When donors give stock, nonprofits receive the proceeds that would have otherwise been paid to the IRS.

“Our mission is to unlock charitable stock gifting by making it accessible and easy for millions of nonprofits and donors,” said Steve Latham, CEO of DonateStock. “Through this $500,000 matching pool we can amplify generosity at a critical time for nonprofits across the country. We are very grateful to Wag! for making this match possible.”

DonateStock will match stock gifts to registered nonprofits, dollar-for-dollar up to $1,000. For details please visit https://donatestock.com/giving-season-2022-match-campaign

About Wag! – Wag.co

Wag! strives to be the #1 platform for busy pet parents, offering access to 5-star dog walking, pet sitting, expert pet advice, wellness plans, and one-on-one training from Wag!’s community of 400,000 local pet caregivers nationwide, in addition to pet insurance options from the leading pet insurance companies. Making pet parents happy is what Wag! does best. With safety and wellness at the forefront, Wag! has a trusted record of experience with more than 12 million pet care services completed by pet caregivers on the Wag! Platform, across 5,300 cities and 50 states, with pet parents rating 96% of services as 5-star. Wag! also operates Petted.com, the nation's largest pet insurance comparison marketplace, Furmacy.com, a local pharmacy which supports busy veterinary clinics, and the Wag! Pet Caregiver App, which empowers pet caregivers to care for pets in their neighborhood and earn real money. For more information, visit wag.co.

About DonateStock

DonateStock is a fintech philanthropy company that is democratizing charitable stock giving by making it easy and accessible to millions of nonprofits and donors. DonateStock streamlines the stock gifting process making it fast, safe and free for donors and allowing nonprofits to solicit, receive and process stock gifts at scale. By making stock gifting easy and accessible to all, DonateStock is unlocking billions in annual funding while helping thousands of nonprofits impact millions of lives.

For information please contact [email protected]

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