A popular way to make a charitable gift and avoid capital gains tax is through a gift of appreciated securities, such as stocks or bonds. The IRS allows you to deduct the fair market value of the stock or bond as a charitable donation and avoid capital gains tax on the transfer. This benefit means that you can leverage a larger donation by using appreciated securities rather than cash to make your gift. Your personal financial planner and tax advisor can help you in this area.
For more information about gifts of securities, please contact Maggie F. Keenan, at 804-622-5221 or email@example.com