Generous hearts inspire growth potential
When you give appreciated marketable securities that you have owned long term, you receive a tax deduction for the full value of the gift. Long term is defined as more than one year and a day. Furthermore, you will not have to pay the capital gains tax. This is a popular means to give an end-of-year gift.
As the end of the tax year draws near, giving appreciated securities may be an easy way to make a significant donation. For example: If you purchased stock a few years ago for $1,000 and it is now worth $5,000, an outright gift of the stock would result in a charitable deduction of $5,000. Additionally, there would be no capital gains tax on the appreciated value of $4,000.
How Can I Give an Appreciated Securities Gift?
A charitable gift with tax advantages can be accomplished as follows: Inform your broker you wish to make a transfer of securities as a charitable gift to IU Health Goshen. Ask your broker to contact Mark Lindemood, Director, at 574.364.2701. He will ensure your gift is properly credited as well as coordinate the transfer with your broker.
