The Community Foundation gratefully accepts gifts of securities. If either public or private securities have appreciated over time, the owner may incur substantial capital gains taxes if the stock are sold outright. The donation of appreciated securities can offer the donor attractive income tax benefits, including relief from capital gains tax liability.
Outright Gifts Securities may be given to the Community Foundation at their present market value as an outright gift. This way, donors avoid all capital gains tax and also receive a charitable income tax deduction.
Deferred Gifts By using securities to fund charitable remainder trusts, charitable annuity trusts, and other planned giving vehicles, the donor can avoid capital gains tax liability and is eligible for a charitable income tax deduction upon transfer of the assets. A gift of securities left to the Community Foundation is deductible from the gross estate, reducing estate taxes.
