|
||||||||||||
|
Gifts of Appreciated Securities
(Important reminders)
DON'T
Don't sell stock first and then give Berkeley the proceeds. Even though you are making a gift, the IRS will impose capital gains tax on your sale, eliminating a key tax benefit of this giving technique.
DON'T
Don't contribute securities that have declined in value. The fair-market deduction rule works against you: if you bought the stock for $50,000 and it's now worth $30,000, your charitable deduction will be limited to $30,000. You won't earn a capital loss by making the transfer to us, either.
INSTEAD
Sell the depreciated stock, claim the resulting tax loss as one deduction, then make a deductible cash gift to Berkeley with the proceeds.
For more information
Email us, complete the personal gift proposal form, or call us at 510-642-6300 so that we can assist you through every step of the process.
