Reasons to give appreciated assets before the end of the year
Giving appreciated assets, like stocks, bonds, or mutual funds that have increased in value since purchased, to Camp Ondessonk can be valuable to Camp as well as to your financial situation. By donating appreciated securities that you have owned for longer than one year, you can:
- Deduct the full current value of the assets instead of only what you originally paid.
- Bypass any capital gains tax you would owe if you sold the assets.
- Conserve your cash for other purposes.
- Reduce taxes with your deduction for this year and as many as five future years.
For more information about making gifts of appreciated securities, contact Whitney Strang, Director of Development at 618-695-2489 x114 or firstname.lastname@example.org.