January 19, 2018

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Stock giving, is just as it sounds, when you sell out/cash out your stock to donate to a non-profit organization. The practice usually enables donors to give more money to the charity than they would if they sold the stocks on their own, paid taxes on the gains, and then donated the cash to the organization. 
 
It’s super easy to make a stock or mutual fund gift to the FFMR! If you own stock or mutual funds, it may be more tax-wise to contribute these shares than cash.
A gift of appreciated stock or mutual funds generally provides you a two-fold tax advantage:
  • Avoid paying capital gains tax on the increase in the value of the stock or mutual funds.
  • Receive a federal income tax deduction for the full fair market value of the stock or mutual funds at the time of the gift.
For example, if you purchased some stock many years ago for only $1,000, and now it’s worth $10,000, an outright gift of this stock to FFMR it would result in a charitable contribution deduction of $10,000. Plus there would be no tax on the $9,000 appreciation in value. And gifts of appreciated stock or mutual funds are fully deductible up to a maximum of 30% of your adjusted gross income.
 
To give a gift of stock, please contact William Clements, Executive Director/Founder at william.clements@ffmr.org or fill out our contact form on the contact page.


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