Benefits

• Giving appreciated securities — stocks and bonds — can be more tax efficient than giving cash.

HERE’S WHY:

• If you make a gift of securities directly to the Harry-Anna Trust Fund, you will receive an income tax deduction — and gift credit with HATF — for the full market value, without paying capital gains tax.

• If you were to sell these securities before making the gift, you would have to pay tax on any capital gains.

Did You Know?

• If you own securities in a brokerage account, these shares can easily be electronically transferred to HATF. For information, contact Harry-Anna Trust Fund at 800-523-1673.

• In most cases, HATF will promptly sell gifted securities that are publicly traded and apply the cash toward the purpose you designate.

• Closely held stock and other securities that are not publicly traded work best when there is a mechanism for HATF to sell the gifted interest to other stakeholders or the corporation itself. For these gifts, the donor must usually obtain an appraisal to claim a tax deduction.