Giving gifts of stock and securities are very simple and can provide even greater tax benefits than a cash gift of equal value. Gifts of long-term appreciated securities (owned for more than one year) provide significant tax advantages. The IRS currently allows you to deduct the full fair market value of the property up to 30 percent of your adjusted gross income for the year. Any amount over that ceiling can be carried forward, up to five years, for future deductions. A gift of stock or other securities is considered made on the day the transfer is completed.
Please notify the Bethel Foundation by mailing or faxing a copy of your transfer instructions. This is very important as it allows the gift to be identified when it arrives.
Features and Benefits
- The opportunity to make a sizable gift to the Bethel Foundation while having a much lower cost basis.
- Lutheran Homes of Oshkosh can make immediate use of your gift.
- Immediate tax deduction
- Avoid capital gains taxes
The information on this website is not intended as legal advice.
For advice and assistance in specific situations, the services of a professional advisor should be obtained.