You can make a gift of appreciated stocks, bonds, or shares of mutual funds to IECEF! If you have owned them for more than one year, there are a few key benefits to a gift of this type:
- Immediate Tax Deduction – You receive an immediate income tax deduction for the fair market value of the securities on the date of the transfer, no matter what you originally paid for them.
- No Capital Gains Tax – You pay no capital gains tax on the transfer when we sell the gifted stock.