Transfer stock to the Center and enjoy tax benefits
Donating appreciated securities, such as stocks or mutual funds, is a tax-wise approach to supporting the work of the Center. The benefits available to you when making a contribution of stock or mutual funds may include:
- Avoiding federal and state tax on the capital gain
- Receiving an income tax deduction (federal and most states) for the full market value of your gift if you itemize
- Deductions on your tax return and have held the assets one year or longer
- Making a larger gift at a lower original cost to you.
Before you make a gift of appreciated securities, however, you should consult your financial planner or tax adviser to determine how the potential tax advantages described here apply to your specific situation.
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