Although the market has been fluctuating and we never know what it will look like when we wake up each morning, there have been some days lately where the market has been strong. Given the uncertainties that lie ahead as we approach the end of the year, it may be a good time to consider taking advantage of an uptick in stock prices and transfer appreciated securities into your Family Foundation or charitable fund.

We encourage you to speak with your trusted advisor(s) about the potential positive tax outcomes from making a gift of appreciated stock or securities by the end of the year. A gift made this way can be more advantageous than a gift of cash, thus enabling you to give more to your favorite charities. Generally donors receive the following benefits when making these types of gifts to a public charity (including funds at the Community Foundation):

  • Claim a deduction equal to the fair market value of the securities;
  • Claim a deduction of up to 30 percent of your adjusted gross income for the year; and
  • Potentially avoid any capital gain income on the appreciated value of the securities.

We make the transaction easy for you and your advisor(s)! Please contact me at (813) 609-4857 or email at kinman@cftampabay.org for more information or the stock transfer instructions.