Gifts of Stock
ASGCC now can accept gifts of stock as donations. Our stock donations are made through our account with Charles Schwabb. To learn more about making a donation of stock to ASGCC please contact Madeline Miller at 508-487-9445.
Gifts of stock can sometimes be more advantageous for you than gifts of cash. When you give appreciated securities to the ASGCC, you can benefit in three ways:
- Your gift may be worth more than what you paid for it.
- You avoid paying capital gains taxes.
- If the stock has gained in value since it was acquired and it has been held long term, you may deduct the current fair market value of the stock from the current year’s taxable income.
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