Gifts of Securities
 

The best stocks to donate are those that have increased greatly in value, particularly those producing a low yield. Even if it is stock you wish to keep in your portfolio, by giving us the stock and using cash to buy the same stock through your broker, you will have received the same income tax deduction but will have a new, higher basis in the stock. 

A stock portfolio is often among the most valuable assets you own, and one that carries substantial capital gain—appreciation in value. The downside to assets that have increased in value over the years is that the federal government is prepared to levy taxes of up to 28 percent on your capital gain. With careful planning, you can reduce or even avoid federal capital gains tax. We can show you how charitable giving may be one of your best defenses against capital gains taxes.

For information on making a gift of securities, contact Kathy Wright (kwright@unitedwaygc.org) at 864.467.3506.

The information on this site is not intended as legal tax or investment advice.          

For such advice, please consult an attorney.