Gifts of Stocks and Bonds

Are you thinking of selling some stocks or bonds? You might want to consider using them to make a charitable gift. Here's why:

Appreciated Stocks and Bonds
A charitable, tax-exempt organization can accept gifts of appreciated stocks and bonds and sell them without triggering capital gains taxes. This can benefit you in two ways:

  1. You can make a gift that is worth more than it cost you to produce.
    Example: You purchased stock for $100 that is now worth $500. Your $500 stock gift only cost $100 to produce.
  2. You can take an itemized charitable tax deduction for the full value of the gift.

Depreciated Stocks and Bonds
You can also use stocks and bonds that are now worth less than you paid for them to make a charitable gift and still be in a "win-win" situation. If you sell the stock or bond and donate the proceeds to WBFO, you will get an itemized charitable tax deduction for the full value of the gift, and you may also be able to take the capital loss on the asset.

If you would like additional information about making a gift using stocks, bonds or mutual funds, please contact Kelli Bocock-Natale, Associate Director of Community Relations, at 829-5782 or knatale@wbfo.org.