Giving appreciated stocks, bonds, or mutual fund shares held more than one year can provide an immediate benefit to Children’s HeartLink and may be more tax efficient than giving cash.
By making a gift using appreciated securities held for more than one year, donors may receive a double tax benefit. They avoid capital gains tax on the appreciation of the donated asset, and may claim an immediate deduction for the current fair market value of the property—up to 30 percent of adjusted gross income.
Any unclaimed portion of the deduction may be carried forward for up to five additional years, subject to the same annual limit.
Instructions for making gifts of appreciated securities
To make a gift, talk to your broker about the securities you’d like to give, then have your broker contact:
Marc Vaillancourt, Vice President of Development
Children’s HeartLink
(952)928-4860, extension 25
DISCLAIMER
Information on this website is not intended as legal or tax advice. For information on how any gift may affect your tax situation, please consult with your own professional advisor.
