Many donors choose to make gifts to Adopt A Class Foundation using long-term appreciated stocks and mutual funds due to the tax advantages associated with such gifts that are outlined below.
For your convenience, Adopt A Class offers you the option of transferring stock to help facilitate this decision.
Before you make a gift of appreciated securities, however, you should consult your financial planner or tax advisor to determine how the potential tax advantages apply to your specific situation. Below are some of the benefits available to you when making a contribution of stock or asset:
- Avoiding federal and state tax on the capital gain.
- Receiving an income tax deduction (federal and most states) for the full market value of your gift if you itemize deductions on your tax return and have held the assets one year or longer.
- Making a larger gift at a lower original cost to you.