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Gifts of stock
Gifts of appreciated securities – stocks, bonds or mutual funds that have grown in value – may be made to either the FCL Education Fund (tax-deductible) or FCLCA (non tax-deductible). Gifts of appreciated securities are most common, however, to the FCL Education Fund, which is a 501(c)(3) charity.
This is because such a gift often has tax advantages. You might even be able to make a larger gift than you would have otherwise given.
Donating appreciated stock to a charity avoids capital gains and gives you a charitable deduction for the current value of the asset
If you transfer long-term held stock (held more than one year) to a 501(c)(3) charitable organization such as FCL Education Fund, (rather than selling the stock and giving the cash) you do not have to pay the capital gains tax on the appreciated value of the stock, and you can take a charitable deduction for the full current value of the stock on the day you make the donation. (If you transfer stock that has not been held long-term, your deduction is limited to your original cost basis for the stock.)
A stock transfer to a nondeductible 501(c)(4) organization, such as FCLCA, also means that you do not have to pay capital gains tax although you are not eligible for a charitable tax deduction for the value of the stock itself.
Because there are individual considerations for each donor, e.g, which stock to donate, limitations on charitable deductions, etc., we recommend that you consult your financial advisor/tax professional for advice about making a gift of appreciated securities.
How do I make a gift of stock?