Gift of Securities
In 2006, the Federal Government established an incentive for gifting securities to charities by eliminating capital gains tax on such gifts.
Normally, when you sell a stock or mutual fund that has appreciated in value since you purchased it, you are required to pay tax on 50% of the capital gain. However, if you donate the securities directly to a charity, you pay no capital gains tax on the appreciation of that investment. This makes appreciated stock one of the most tax effective ways to donate. Not only do you avoid the tax on the appreciated value, but you also receive a full tax-deductible credit for your donation.
(Please consult your professional advisor for more detailed financial advice specific to your needs).
View our Gift of Securities – Transfer Authorization Form here.