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US citizens may be interested in gifts of appreciated shares of marketable securities—stocks, bonds and mutual funds, which are alternatives to cash gifts because of certain tax benefits you can realize as the donor. If you’ve held the securities for more than 12 months, you can claim an income tax deduction for the full fair market value on donated securities, and generally you are able to avoid capital gains tax on the appreciation. However, you must itemize your tax return to claim any charitable deduction.
The easiest way to make a gift of stock or other negotiable securities is to advise your broker to transfer the shares from your account to REGINA. If you do, please advise us when your transaction has been initiated. This helps ensure proper handling and recognition of your important gift.
Questions? Please contact our EDITOR for additional information your broker will need to complete your request.