GIFTS OF STOCK
We always appreciate a gift of stock, and if the donated stock has itself appreciated, the donor doesn’t have to pay capital gains tax. What’s more, if you’ve owned the stock for at least one year, you also receive a tax deduction for its full fair-market value.
Stock donations are a clever, tax-wise alternative to making a charitable donation in cash. Who doesn’t appreciate that?
To give a gift of stock, please contact AnnMarie Faust, Managing Director of Administration, Development & Finance at 845.473.5288 ext.103.
© 2014 Bardavon/UPAC
Last modified: 2013-08-27 18:21:51