Page: Planned Giving Reduce Taxes By Giving Appreciated Securities
Page text from: https://www.foresthome.org/planned-giving/reduce-taxes-by-giving/appreciated-securities
Joyful Generosity
Simplify Giving + Less Taxes + Multiply Impact
Gifts of Appreciated Securities
Donating appreciated securities, including stocks, bonds, and mutual funds is an easy and tax advantageous way to make a gift to Forest Home.
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Illustration – $10,000 Donation
How It Works
- You transfer appreciated securities to Forest Home.
- You receive an income tax deduction for the full market value and avoid paying capital gains tax.
- Forest Home sells the securities, avoids capital gains tax, and uses 100% of the proceeds to make it possible for children, youth and families to experience the life-changing power of the Gospel at Forest Home.
Benefits
- You receive an immediate income tax deduction for the fair market value on the date of transfer.
- You pay no capital gains tax on the transfer.
- If desired, you can immediately repurchase the identical stock at a new basis. No wash sale rules apply because it is gain property.
- You experience the joy of making it possible for children, youth and families to experience the life-changing power of the Gospel at Forest Home.