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Securities: Valuable Assets

Securities: Valuable AssetsStocks and bonds are appreciated donations that may be given directly to Hospice of Marion County. You may be able to deduct gifts of securities as a charitable donation and avoid a capital gains tax on the transfer. You may also choose to make Hospice of Marion County a beneficiary of your securities in your will.

Meet with your financial advisor and/or attorney to ensure your wishes are met.

Example of tax-saving strategy: You have stocks currently valued at $20,000 that you purchased for $4,000 several years ago. If you sell them, it will result in a $16,000 capital gain and you are in the 35% marginal income tax bracket. By donating your stocks to Hospice, you will:

  • receive a tax charitable deduction for the full fair market value of $20,000, saving you $7,000 ($20,000 x 35 percent) in income tax.
  • bypass the $16,000 capital gain, saving $2,400 in your 15 percent capital gains tax bracket ($16,000 x 15 percent).
  • total tax savings from capital gains and income taxes is $9,400.

How it helps you:

  • Receive a current income tax deduction
  • Provides relief from capital gains tax