Gifts of appreciated stocks, bonds, and mutual funds can provide a greater tax benefit than when you contribute cash.
Giving stock held more than 12 months offers a 2-fold tax savings:
- You avoid paying capital-gains tax on the increase in the value of your equities
- You receive an income tax deduction for the full fair market value of the equities on the date of the gift
Subtracting the tax savings from what you originally paid for the stock can result in a very cost-effective charitable gift. Such strategies illustrate the benefits of thoughtful charitable planning.
Go to the following link (on the Kent State University web site):
Contact WKSU Director of Major Gifts Pam Anderson if you have any questions at 330-672-9167 or