Bequest Types Gifts of Securities Appreciated stock which owners have held for more than one year will provide substantial tax benefits to the donor. In addition to receiving an income tax deduction equal to the fair market value of the stock on the effective date of the transfer, the donor will avoid paying capital-gains taxes on the appreciation. Securities which have decreased in value should be sold by the donor, then the cash proceeds given to Albright.
Appreciated securities are also ideal to fund gift annuities and charitable trusts.
For further information, or to request a booklet on this topic, please contact Don Kirkwood. This is general information, and is not presented as specific legal or tax advice. Please consult with your personal advisors for such advice.