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By donating appreciated marketable stock or mutual fund shares,
your client can avoid capital gains tax and receive a charitable
tax deduction for the full fair market value of the asset.
If the stock has appreciated significantly, your client can
donate it to The Jewish Community Foundation and avoid capital
gains taxes. We will sell the stock and use the gift to establish
or add to a donor-advised philanthropic
fund or a named endowment
fund. Or the donor can use the proceeds to establish a
life-income vehicle such as a charitable
remainder annuity trust or charitable
remainder unitrust.
If the stock has reduced in value, the donor can sell the
stock and keep the ability to write off the reduction in value
as a loss. Then, the donor can use the cash from the sale
to establish a fund.
Tax benefits:
- Capital gains taxes, which would be incurred if otherwise
selling the stock, are avoided
- Gifts are deductible up to 30% of a person's Adjusted
Gross Income (AGI) and can be carried forward for up to
five years.
More:
>> Instructions
for transferring stock to The Jewish Community Foundation
>>
Get a complete legal and tax overview of stock gifts in GiftLaw
Pro under "Chapter 2—Major/Current Gifts" and
"Chapter 4—Specific Property Gifts"
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