Contact the Foundation
770.449.6726 (Main Office)877.220.5664 (Toll Free)
912.927.5657 (Savannah Office)
770.449.6680 (Fax)
info@gumf.org (E-mail)
www.gumf.org (Website)
www.gumfplannedgiving.org (Planned Giving Website)
Gifts of Appreciated Stock
Giving stocks or bonds may provide greater tax benefits than a gift of cash. If you have owned an asset like stocks or bonds (or in some cases, real estate) for more than one year and the asset has increased in value, a charitable gift can minimize taxes and leverage the full value of the asset.
By transferring the asset directly to a qualified charity, you may deduct the full fair market value of the asset at the time of the gift.
For example, let's say you purchased a block of stock for $1,000 several years ago. Today the stock is worth $2,500. If you transfer the stock directly to charity, you will bypass the capital gains tax and receive a $2,500 tax deduction when you file your Form 1040 for this year.
For more information, visit our new Planned Giving website at www.gumfplannedgiving.org.
