When you give appreciated marketable securities that you’ve owned for more than a year, you receive a tax deduction for the full value of the gift. Furthermore, you do not have to pay the capital gains tax. This method is a popular way to give an end-of-year gift to Goshen Health Foundation.
For example: If you purchased stock a few years ago for $1,000 and it is now worth $5,000, your outright gift of the stock would result in a charitable deduction of $5,000. Additionally, you would pay no capital gains tax on the appreciated value of $4,000.
Contact your financial advisor to transfer securities as a charitable gift to Goshen Health Foundation. We are always available to work with your financial advisor to ensure proper credit of your gift transfer. For assistance, call (574) 364-2457.