With a gift of appreciated stock, you will receive the benefit of a tax receipt for the fair market value of the stock, and not be subject to pay the capital gains tax. The elimination of the capital gains tax on a gift of securities may create a considerable tax advantage for you, which in turn reduces the cost of making such a donation.
In order to take advantage of the tax advantage, gifts must be made in the form of securities that are not sold prior to the donation being made.
To make a gift of stock is easy. Simply download the Gift of Securities CTH Web Forms document and follow the instructions. Closer to Home will provide you with a charitable tax receipt for the full market value of the donated stock at the day the stocks are transferred to Closer to Home from your broker.
We welcome the opportunity to meet with you and your advisors to discuss your stock, bond or mutual fund giving options.
