Benefits of Appreciated stock gifts
The charitable donation may reduce your income taxes.
- Avoid capital gains tax that would have applied if the you sold the shares yourself.
- Giving stock can be convenient, especially when these consist of a few stocks that are "odds and ends" or fractional shares.
Making the transfer is simple. Just follow these three easy steps:
- Create a letter similar to the sample below.
- Send the original letter to your broker.
- Provide a copy of the letter to the Fairfax County Park Foundation.
Please call 703-324-8581 or fax 703-324-3987 or email us for any questions.