Instead of cash, you can use appreciated stocks, bonds and/or mutual fund shares you’ve held for more than one year to make a gift. Giving stock can often be more beneficial than giving cash. Instead of cash, you can use appreciated stocks, bonds and/or mutual fund shares you’ve held for more than one year to make a gift. You will be able to claim a federal income tax charitable deduction for the full, appreciated value of the securities. In addition, you will pay no capital gains tax on the transaction. In order for ABC2 to properly process and recognize your donation, please contact Ellen Henderson at (202) 419-3143 or firstname.lastname@example.org. She will be able to provide you with the stock transfer information.
Recognition for a gift of stock is simple by providing this information:
- Legal name and address
- Name of your stock
- Number of shares you have donated
- Total value of the liquidated stock
- Gift type, if applicable – in honor or memory of, for an event, etc.