A gift of appreciated securities – stocks, bonds or mutual funds – doubles the benefit to you. You will pay no capital gains tax on the transfer and you can claim a charitable income tax deduction on your income tax return for the full fair market value of the securities (up to 30% of your adjusted gross income), no matter what you initially paid for the securities. Point will receive the full value of the securities, undiminished by taxes. Click here to download a simple instruction sheet on how to make a stock transfer to Point.
For more information about stock gifts and appreciated securities contact Scott Arneson.