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 firstname.lastname@example.org.