Gifts of stock can sometimes be more advantageous for you than gifts of cash. When you give appreciated securities to Community Servings, you can benefit in three ways:
- Your gift may be worth more than what you paid for it.
- You avoid paying capital gains taxes.
- If the stock has gained in value since it was acquired and it has been held long term, you may deduct the current fair market value of the stock from the current year's taxable income.
In order to acknowledge this gift appropriately, please notify us of your name, the stock name, the number of shares and the date of transfer. If you have any questions about gifts of stock, or other ways you can help, please contact Tim Leahy, Vice President of Development and Communications, at 617-522-7777 x230 or email@example.com