Gifts of Securities
Do you own marketable securities (such as stocks, bonds, and mutual fund shares) that have appreciated in value that you are ready to sell? If so, and if you’ve owned the securities for at least a year, you can gift them to Gillispie and earn a tax-deductible donation equal to its full current market value. You will not pay any capital gains taxes on the appreciation over your original purchase or basis price. Consider this option and maximize your giving dollars!
Please consult your tax/accounting advisor for specific advice applicable to your situation. Please contact the Office of Development & Community Relations, at 858-459-3773 ext 133 or [email protected] for securities transfer delivery instructions.