Benefits
- Giving appreciated securities — stocks and bonds — can be more tax efficient than giving cash.
HERE’S WHY:
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If you make a gift of securities directly to the Harry-Anna Investment Fund, you will receive an income tax deduction — and gift credit with HAIF — for the full market value, without paying capital gains tax.
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If you were to sell these securities before making the gift, you would have to pay tax on any capital gains.
Did You Know?
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If you own securities in a brokerage account, these shares can easily be electronically transferred to HAIF. For information, contact Harry-Anna Investment Fund at 800-523-1673.
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In most cases, HAIF will promptly sell gifted securities that are publicly traded and apply the cash toward the purpose you designate.
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Closely held stock and other securities that are not publicly traded work best when there is a mechanism for HAIF 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.
