A gift of appreciated securities is a very tax-effective way
to support Bard. When you donate appreciated stocks to Bard, you avoid the
capital gains tax you would have paid if you had sold the asset. If you
have owned the securities for longer than 12 months, you also receive an income
tax charitable deduction for their full fair-market value. These tax savings,
both in income and capital gains taxes, make gifts of securities a popular alternative to cash.
If you wish to maintain this particular stock
in your portfolio, consider giving Bard the stock and using the cash you would have donated
to purchase the same securities in the open market. The newly acquired shares
will then carry the current market value as their cost basis, an easy way to reduce future capital gains tax liability.
Contact
For more information, contact Matthew Soper, Director of Development, at 845-758-7505 or
e-mail
Soper@bard.edu.
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