After deciding which nonprofit organizations to support with your gifts, donating appreciated assets, such as individual stocks or shares of mutual fund, may lower your net cost of giving. This is accomplished by transferring assets directly to a nonprofit organization, as opposed to selling assets and giving cash in the form of a check.
When you donate appreciated assets that you have owned for 1 year or longer, you are entitled to a federal income tax deduction for the full current value of the asset on the day of the transfer. This lets you avoid federal capital gains taxes, which would have been due upon the sale of the asset.
The organization gets the full current value of the stock, since charitable organizations do not pay federal income taxes or capital gains taxes. They can either keep the stock or liquidate it for cash with no taxes due.
Consult your professional adviser for specific, individual advice pertaining to gifts of appreciated assets.Back to top
In This Section
- Samaritan Healthcare Foundation
- Board of Directors
- Foundation Events
- Ways to Give
- Appreciated Assets
- Bequests Through a Will or Trust
- Income for Life
Samaritan Healthcare Foundation
801 E. Wheeler Road
Moses Lake, WA 98837
Director of Development and Communications
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