Gifts of Stock/Securities
The donation of appreciated property, particularly publicly traded stock is a sensible and tax advantageous way to make a charitable gift. Some donors choose to contribute appreciated securities rather than write a check from current income to support Friends Without A Border.
Why? When you make a gift of appreciated securities, you avoid paying capital-gains tax on the appreciation and you receive an income tax deduction based on the full fair market value of the gift. Your charitable deducation for federal income tax purposes is based on the fair market value of the stock on the date the gift is made and the "the cost" of the gift is your cost basis. If you sold the stock and gifted the proceeds, you would have to pay tax on the gain and therefore drive up the "cost" of the gift.
*Please note: Tax situations vary. Friends Without A Border recommends that you speak with your tax advisor before making a gift of stock.
If you are interested in making a gift of stock to Friends Without A Border please contact our office for instructions.
Phone: 212-691-0909
email: fwab@fwab.org