A charitable gift of stocks or bonds provides an opportunity for tax savings while generously sharing with others. A gift of stock owned for more than one year entitles you to a charitable deduction for the full market value at the time the gift is made. If the stock has appreciated, you also avoid a capital gains tax on the appreciation. In addition to helping SCHFH, you may diversify away from low-basis, long-term holdings into other assets that will better suit your current needs.
For more information, call our office (302) 855-1153 x203 and ask for Susan Webb, Manager of Finance and Administration.