Gifts of appreciated stocks, bonds, or mutual fund shares can be a tax-advantaged way to provide immediate support for Central Texas Table of Grace.
By giving Central Texas Table of Grace appreciated securities that you’ve held for more than a year, you potentially receive a few tax benefits:
- You avoid capital gains tax on the appreciation that would be due upon sale.
- You can receive a charitable income tax deduction for the current fair market value of the property – up to 30 percent of adjusted gross income.
- You can carry forward any unclaimed portion of the deduction for up to five additional years, subject to the annual limit.
Sarah would like to make a gift of $10,000. She is considering giving cash or appreciated stock that he purchased for $2,000. This chart shows her potential tax savings for giving stock:
*If Sarah itemizes deductions
Transferring securities held at a brokerage firm
To transfer shares held with a brokerage firm, provide the following information to your broker:
Account Registration: Central Texas Table of Grace
DTC # 0221
Account #AJxxxx9 (For security reasons please call to confirm the complete account number, our financial services contact Doug Carroll (UBS Financial Services) at phone # 512-479-5228)
P.O. Box 52, Round Rock, Texas 78680
Other transfers: If you would like to transfer mutual funds, bonds, stock certificates, or shares held with transfer agents, please contact us.
Gifts at year-end
If you wish to make a gift of securities for the current tax year, start early to ensure that your gift will be completed before December 31. While the non-profit receives some electronic transfers within days of when the gift was initiated, longer delays are possible, especially at year-end. Gifts of mutual funds take longer than stock gifts, often several weeks. Contact your broker for their deadline to complete transfers by year-end.
For more information on giving a gift of stock or mutual funds you can contact Marla via email firstname.lastname@example.org or at 512-244-4335.
Information on this website is not intended as legal or tax advice. For information on how any gift may affect your tax situation, please consult with your own professional advisor.