Estate and Gift Planning

Gifts of Stock

Gifts of long term, highly appreciated securities are the most common type of outright property gift. Typically, individual stocks are given; however, bonds or mutual fund shares are also attractive gift options. Outright gifts of securities can be made quickly and these gifts let you do more with your gift because of the very attractive tax benefits.

For appreciated property held long term, the full fair market value of securities given to charity is generally deductible for itemizers. For example, if you give shares of stock that are now worth $10,000, you can deduct the full amount of the gift on your income tax return (subject to certain income limitations), even though you may have bought the stock for $1,000.

A charitable gift of securities held long term is not considered a sale of the securities and does not generate any capital gains tax, no matter the amount of the gain. This is a valuable tax incentive provided by Congress to encourage gifts of appreciated property. The result: a charitable deduction is allowed for capital gains that would have been taxed. And, if we sell the securities, we keep every penny of the proceeds since we are tax exempt.

Contact us for more information about gifts of securities.

CHM ESTATE AND GIFT PLANNING OPTIONS

Making a planned gift—whether by including a bequest to the Museum in your will or by naming CHM as the beneficiary of a charitable remainder trust, life insurance policy, or retirement fund—provides essential support for the Museum’s future. Planned gifts can offer significant tax advantages and in some cases generate lifetime income for you or your chosen beneficiary.

Learn more about Estate and Gift Planning at CHM.

PLANNED GIVING RESOURCES LIBRARY

For a deeper look into various estate gift topics, explore our Planned Giving Resources Library.

FOR MORE INFORMATION

For more information on how these gifts might work for you, contact us to learn more about Estate and Gift Planning. 

Share

FacebookTwitterCopy Link