Securities: save on both income and capital gains taxes
Transferring securities (stocks or bonds) held long term to the St. Joseph Foundation allows
you to make a gift and receive a charitable deduction equal to the full, fair market value of the
securities. You pay no capital gains tax on your gift and neither does the foundation.
The best method of transferring these assets to the foundation depends on how they are held by
you. Please contact the St. Joseph Foundation first to discuss the best method of
transferring assets. Avoid selling the assets and then making a gift of the proceeds, because this
will trigger a capital gains liability for you.
You may deduct the value of these securities for up to 30 percent of your adjusted gross income.
Any excess can be carried over for an additional five years if necessary.
If you have questions about gift planning, please call the Foundation office (979.774.4087) and the staff would be pleased to meet with you and your financial advisor.
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