Charitable Gifts of Stock Offer Significant Tax Benefits

When you donate stock to charity, the charitable income tax deduction is based on the fair market value at the time of the gift. This is especially useful if the stock has appreciated, because any associated capital gain is typically avoided. The receiving charity sells the stock tax-free and uses the sales proceeds to carry out their important work.

Gifts of appreciated, publicly traded stock may provide an income tax deduction and may also help you avoid capital gains tax. So, your after-tax cost of a stock gift may be less than a gift of cash.

The Foundation has a relationship with a brokerage firm to easily accept a transfer of publicly traded securities, and if you have closely held stock, the Foundation can work with you to determine how best to utilize that stock for your charitable giving.

Turning stock into a charitable gift is simple, and our team is here to walk you through each step of the process. In most cases, the transfer process takes only a few days.

Gifts of stock can also be used to establish other charitable giving tools. It is a very versatile asset.

Learn how donating stock or other non-cash assets can be simplified in this short video.