Donating appreciated securities – such as stock or mutual funds – to Brookwood in Georgetown is a tax-wise approach to providing for our Citizens. Some donors choose to donate securities using long-term appreciated stocks and mutual funds due to the attractive tax advantages associated with such gifts.
The benefits available to you when making a charitable contribution of stock or mutual funds may include:
- Avoiding federal and, if applicable for you, state tax on the capital gain.
- Receiving a federal income tax deduction for the full market value of the gift if you itemize deductions on your tax return and have held the assets one year or longer.
- Making a larger gift at a lower original cost to you.
Contact Tim Curtis at 512-688-5004 or [email protected] if you would like to discuss donating stock or mutual funds. Also consult your tax or investment advisor.