Can I donate stock?
Yes, giving appreciated stocks, bonds or mutual funds is one of the most beneficial ways to donate to Forbes Library. By simply transferring them into our account, the total value of the stock upon transfer is tax-deductible. There is no requirement to pay any capital gains taxes on the appreciation.
Contact Lisa Downing, Library Director at 413-587-1016 or ldowning@forbeslibrary.org for information about our simple process for donating stocks.
Reasons to consider donating appreciated stocks
Gifting stock is a simple and powerful way to support Forbes Library. It also offers you a number of financial benefits:
- You can easily donate appreciated stocks, bonds, or mutual funds
- The total value of the stock upon transfer is tax-deductible
- There is no obligation to pay any capital gains taxes on the appreciation
Individual situations vary so donors should consult their advisors.
If you have any questions about the process for donating stocks, contact Lisa Downing at 413-587-1016.