Gift of Appreciated Stock
(or
other assets)
At a glance:
With the following information, it is easy to instruct your broker to transfer stock to MPT's account at Deutsche Bank Alex Brown:
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DTC
#0443The gift of an appreciated asset, often common stock or mutual fund shares, is a valuable way to make a contribution to a charitable organization and receive tax benefits based on the value of the asset(s). Appreciated assets have a higher market value than their basis or tax purpose value (in most cases, their cost). Such assets would, if sold by an individual or non-charitable organization at a price higher than their basis, potentially generate a taxable capital gains (either long-term or short-term depending on the holding period).
What
Does Public Television (note
- it will take several seconds |
By gifting appreciated securities, for example, to MPT, you receive a charitable tax deduction based on the current market value of the gift and avoids tax on any capital gains. Maryland Public Television sells the securities, realizes the full market value, and as a nonprofit does not have to pay tax on any capital gains. Plus, you'll get the benefits of MPT membership befitting the amount of your gift.
While the gift of appreciated assets often involves stock, other marketable assets, such as land, antiques, and homes, can be utilized as potential gifts with the possibility of valuable tax benefits. However, these other assets are reviewed on a case-by-case basis. For more information about gifts of appreciated assets, please contact us so we can respond to your specific needs.
Click on the Donor
Story button above to see how a gift of appreciated stock worked for Richard and
Terri.