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| stock donations to kcsarc |
There are lots of advantages to making a stock gift. Although you should check with your tax professional about how these rules apply to you, the following information may help you understand the process:
Tax Advantages
Under current tax laws, the full fair market value of stocks and bonds—up
to 30% of adjusted gross income this year with a five-year carryover for any
"excess”—may be
deducted. The extra benefit of donating appreciated stocks of bonds is that
federal capital gains tax on the securities' unrealized total appreciation may
be totally avoided.
Valuation
The value of your gift of securities is based upon the mean between the high and
low quotations on the specific day your securities pass from your
control.
Mechanics
If your broker has the stock: Contact your broker and determine the stock and
the number of shares you would like to contribute. Then contact Sandra Dolese,
KCSARC’s Director of Development,
at
425.282.0356
with your broker’s contact information and the
information about the shares you are donating .