Stocks and Securities

No matter what tax bracket you are in, making gifts of appreciated stock makes sense. Tax benefits for a donor who has owned appreciated stocks for more than one year are two-fold: capital gains tax is avoided upon transfer to BBBS and the donor can receive an income tax charitable deduction for the full market value of the stock on the date of the gift.

Depending on your tax bracket and the size of the gift, there may be an opportunity to carry the charitable income tax deduction over several years. To establish a plan for giving stocks or securities contact 651.789.2400 or bbbs@bigstwincities.org.