Why Give Securities? Our nation’s tax laws offer special incentives for gifts of non-cash property especially that which has increased in value since it was acquired.
Tax Deductible - Just as cash gifts to qualified charitable organizations and institutions are deductible from federal income tax returns for itemizes, gifts of non-cash property are also deductible. You may be surprised to learn that in most cases the deduction is for the full fair market value of the securities given. The deductible amount includes both what you paid and your gain. So, you can use the amount of the gain as a tax deduction even though it has never been taxed. This can dramatically reduce the cost of making a charitable gift or increase the amount you can afford to give. Note: To deduct gifts of appreciated securities at their full present value, you must have owned them for at least a year and a day. The gifts are deductible up to 30% of your adjusted gross income in the year of the gift. Any excess may be deducted over the succeeding five tax years.
Benefits of Stock Gift - Strategies to minimize taxation of capital gains may be a focal point of your financial planning, as it is for many. When you give securities that have increased in value, you will generally not have to pay capital gains tax that would be due if you sold the property. Therefore, the net savings of a gift of securities can be attractive indeed.
How Do I Make A Stock Gift? Simply click on the Make A Stock Gift below for instructions to make a stock gift to the Diocese, your Parish, your Catholic School, a Ministry or Missionary Projects of the Diocese.