To thin a large position and readjust your cost basis - To make a meaningful contribution. IF you are considering a charitable contribution to the Chrisitian Brothers this year, it is in your best interest to seek out the most effective manner in which your money can work for you. Gifting appreciated stock is one of the most effective means of tax savings available - courtesy of today's U.S. tax laws.
Capital gains taxes on the stock are completely avoided.
You will be eligible to receive an income taxes charitable deduction for the full fair market value of the stock at the time of the gift. To qualify for these special tax advantages, the security must be held for at least one year. A gift of stock in certificate form should be postmarked by December 31 or your Investment Executive can arrange for a year-end gift of stock from your account. Any excess can be carried forward and deducted over as many as five subbsequent years. Donate appreciated Securities Outright.