Donating Appreciated Stock
Donating stock or property to Rose Foundation can produce a variety of tax benefits:
- Maximize Your Tax Deduction: Donors who contribute stock, bonds, or mutual fund shares that have been held for more than one year are entitled to an income tax deduction for the donated assets’ full market value, avoiding all capital gains liability on the securities’ appreciation. If the value of the donation exceeds 30% of the donor’s adjusted gross income, the excess may be carried forward for up to five years.
- Avoid Capital Gains Tax on the Sale of Appreciated Securities: By giving securities directly instead of selling stock to fund a cash donation, donors avoid capital gains tax on the sale of appreciated securities.
A gift of a residence, farm, vacation home or other property can reduce income and/or capital gains tax liability, eliminate carrying costs, and remove the property from the donor’s taxable estate.
FOR MORE INFORMATION
Tim Little, Executive Director
Email: tlittle[AT]rosefdn.org (please replace AT with @)
The statements made herein are not intended to serve as tax advice. Please consult your tax professional for advice about maximizing the tax benefits of your donation to Rose Foundation.