A gift of an appreciated asset, often common stock or mutual fund shares, is a valuable way to contribute to a charitable organization and receive tax benefits based on the value of the asset(s).
A contribution of appreciated securities/stock will allow you to receive a tax deduction for the full market value while avoiding capital gains taxes. This is a great way to support Holy Name High School and avoid estate taxes, as well as probate and settlement costs and fees.
Because of the appreciation factor, gifts of securities “cost” donors less than equivalent gifts made in cash. By donating the stock, the charity receives a larger gift than it would receive if the investor first sold the stock and then donated the proceeds after deducting the capital gains taxes. The investor receives a greater tax deduction by giving the stock directly to the charity and avoiding the capital gains tax. The benefit of deducting the value of the stock means you can leverage a larger donation by using appreciated securities rather than cash to make your gift to Holy Name High School.
Instruct your broker to deliver the shares to
Holy Name's account using the information below:Account Name
Catholic Community FoundationDTC Routing Number
0015Account Number
613-120296-017
Broker Information
Morgan Stanley
Ms. Cheryl Hartman
(717) 519-4948
[email protected]
or
Gregory Luscher
(717) 519-4945
[email protected]
Per IRS rules, the value of the gift will be determined
by the date the stock is received into the
Catholic Community Foundation account.
Information contained herein was accurate at the time of posting. The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor.