Stock Gifts

If you own stock, it is often more tax-wise to contribute stock than cash. Gifts of appreciated stock are fully deductible. This is because a gift of appreciated stock generally offers a twofold savings. First, you avoid paying any capital gains tx on the increase in value of the stock. Second, you receive an income tax deduction for the full fair market value of the stock at the time of the gift.

Not all of the available methods of giving could be included on this site, and not all the tax ramifications of each form of gift could be explained. Check with your financial advisor or attorney for additional information on how these general rules apply to your situation.

For more information contact Mr. John Horn, JCA's Director of Development, at (815) 741-0500 or jhorn@jca-online.org.