Stock Transfers

There ARE very real tax benefits to the savvy charitable giver.

Donating appreciated stocks, instead of cash, can be a win-win for both you and the Mary Lanning Healthcare Foundation (MLHF).

If you are planning to make a substantial gift to MLHF, please consider donating appreciated stock (that you have held for at least one year) from your investment portfolio instead of cash. If the stock has increased in value from the time of purchase, you can avoid paying capital gains tax by donating the security to MLHF.

The tax benefits are especially attractive because not only will you be allowed a charitable deduction for the full amount of the stock, but you also avoid tax on the appreciation in value of the donated stock.

Remember that tax policy is often used to drive social action, and this is a prime example. Tax laws allow citizens to keep taxes as low as possible while providing their favorite charities with the largest possible contribution.

This works for varying amounts, depending on your individual tax situation. Don't think that you have to be in the class of the Warren Buffets of the world in order to make the contribution of appreciated stock work for you from a tax standpoint.

And always remember . . . prior to making any charitable contribution, make sure that you are on solid ground. Check first with your tax professional. (click here for our Stock Transfer Instructions.)

There ARE very real tax benefits to the tax savvy charitable giver!