Gifts of Stock
The best stocks to donate are those that have
increased greatly in value, particularly those producing a low yield.
Even if it is stock you wish to keep in your portfolio, by giving us the
stock and using cash to buy the same stock through your broker, you
will have received the same income tax deduction but will have a new,
higher basis in the stock.
A Sure Way to Avoid Capital Gains Tax
pay taxes if you don't have to? A charitable gift of stock completely
avoids the long-term capital gains tax, allowing the full value of the
asset to be put to use!
If you wish to make a donation of stock, please contact Janel Jorgensen, National Executive Director at (888) SWIM-USA.