Stocks and Securities
By making a gift of appreciated stock, you are able to give a valuable gift to Tapestry and bypass capital gains taxes. Things to know when making a gift of appreciated assets:
- You must have owned them for at least one year and a day.
- These gifts are deductible up to 30% of adjusted gross income in the year of the gift.
- Any unused deduction amounts may be deducted over as many as five subsequent tax years.
Please note that it is usually to your advantage to donate appreciated stock, rather than sell it and give the charity the proceeds. Please check with your financial advisor for more information.
Publicly Traded Stock Gifts
Your deductible gift amount will be the average of the high and the low value of the stock on the date when you made the transfer, times the number of shares transferred.
When you transfer appreciated stock directly to Tapestry, you do not incur capital gains. Call Barb at 612-823-0301 or email at barb@tapestryfamilies.org to coordinate the transfer of your stock donation.