If you are considering a charitable contribution this year, it is in your best interest to seek out the most effective manner in which your money can work for you. Gifting securities is one of the most effective means of tax savings available.
Gift of Securities: Typically completed with appreciated stocks, bonds, or mutual funds.
- The charity receives a gift equal to the market value of the securities
- The donor can take a charitable tax deduction equal to the market value of the securities
- The donor avoids paying any capital gains tax
- The donor removes the value of the securities from their taxable estate