Donating Appreciated Securities

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Regardless of what you originally paid for the stock, donating appreciated stock, that is at least one year old, to a charity allows you to avoid capital gains tax and deduct the full fair market value of the securities on the date of transfer from your income, if you itemize deductions. If you sold the stock and donated the proceeds, you would have to pay capital gains tax as you would have to claim the appreciation when the stock is sold. Donating appreciated stock to Interfaith Alliance allows you to make a valuable gift that provides more benefit to us than it originally cost you.

Gifts of securities can also be made through a bequest. As always, we recommend that you consult with your financial advisor or attorney to ensure that all your objectives are met, as gifts have varying benefits depending on if they are made outright during life or through a bequest. All legal and accounting documents should note Interfaith Alliance Foundation as the recipient of donated securities. Interfaith Alliance Foundation is a 501(c)(3) nonprofit organization with tax identification number 81-0587332.

For more information on this and other estate planning options, please email