Giving Appreciated StockGiving Appreciated Stock Gifting stock is an easy process. Some benefits of your gift are:
Example: If he gives the stock to his church, he can claim a charitable deduction of the full market value of the gift ($10,000). The church can then sell the stock and apply the full proceeds ($10,000) towards their campaign. And, since a gift to the charity is not a sale, he will not owe any capital gains tax on the transaction. If Charlie were to sell the stock himself, he will incur $8,000 in capital gain ($10,000 market value minus $2,000 cost basis). After he pays taxes of $1,200 (the 15 percent capital gains tax rate on the $8,000 gain), his gift to charity and charitable deduction will be only $8,800. Click image to enlarge For assistance in gifting appreciated stock call the Anderson University Institutional Advancement Office at 864-231-2147, or PhilanthroCorp at 800-876-7958. There is no cost or obligation for their services or contact us by email (click here). Wills & Trusts Teleconference | Overview of Estate Planning | How to Get Started Information on this site is NOT intended for legal advice. |