Donation of Stocks or Mutual Funds
Securities that have appreciated in value are particularly
attractive for consideration as gifts to Community Caregivers.
attractive for consideration as gifts to Community Caregivers.
If you were to sell these stocks or mutual funds, a capital gains tax is due on the amount the securities have increased in value since your purchase.
When they are gifted to Community Caregivers, you are not required to pay tax on the appreciated value. You are allowed to claim the full current value of the securities as a Charitable Deduction on your income tax return.
Community Caregivers benefits from the totalcurrent value of the donation.
When they are gifted to Community Caregivers, you are not required to pay tax on the appreciated value. You are allowed to claim the full current value of the securities as a Charitable Deduction on your income tax return.
Community Caregivers benefits from the totalcurrent value of the donation.
