Stocks

Gifts of appreciated stocks are fully tax deductible up to a maximum of 30% of adjusted gross income. Gifts in excess may be carried forward and deducted over as many as five subsequent years. You receive a two-fold tax savings by contributing appreciated stock over cash:

  • No capital gains tax on increases in value of stock

  • Income tax deduction for full fair market value of stock at time of gift


Example: You purchased stock for $1,000; it’s now worth $10,000. A gift of that stock would result in a charitable contribution deduction of $10,000. In addition, there is no capital gains tax on the $9,000 of appreciation.