Gifts of Stock

Making a gift of long-term appreciated securities may bring extra tax savings compared to a gift of cash. The secret is the double tax benefit. You may deduct the current fair market value as a charitable gift and avoid any capital gains tax on the appreciation. For example, suppose you give a gift of stock with a fair market value of $3,000. Assume that you purchased this over a year ago for $500. You can deduct the full $3,000 gift on this year’s income taxes (subject to limitations) and the $2,500 gain is not taxed to you even though it has inflated the charitable deduction.


Steve Cosentino, Director of Administrative Services 262-251-0220 / Fax: 262-251-6948