Donating Appreciated Securities
Giving stocks and mutual fund holdings that have gained value is a popular way for Furthur Foundation friends to support social change. The Furthur Foundation passes on the full current value of your donation of securities to the people and groups working to make the world a better place. And you get the same deduction that you would if you wrote us a check. And the increased value of the security is not subject to capital gains tax. Win, win, win.
Even more of your donation goes straight to the good people working to make the world a better place. So, each gift we receive allows us to increase our giving and provides important benefits to you and your family.
Giving stocks is easy. And good for both of us.
- First, you can receive a federal income tax deduction based on the stock’s fair market value on the date of the gift (up to 30% of your adjusted gross income) if the stock was owned for more than one year (Stock owned for less than a year or that has lost value should be handled differently. Drop us a line for the details).
- You can carry the deduction for up to five additional years if the fair market value of the gift is more than 30% of your adjusted gross income; and
- You can avoid the capital gains tax that is due when you sell appreciated stock.
Furthur Foundation is a 501(c)(3) organization. All contributions are tax-deductible to the extent allowed by law.