Gifts of Securities
Gifts of appreciated securities benefit the donor in two ways: 1) the full-market value of the securities is tax-deductible and 2) if the securities have appreciated in value, capital gains taxation can be avoided. In the case of appreciated securities, the donor’s deduction is limited to 30% of adjusted gross income (AGI), instead of the 50% limit allowed for cash gifts. For more information on making a gift of securities, such as stocks or bonds, please contact Rebecca A. Chapman.