Transferring securities held long term to the Tax Foundation allows you to make a gift and receive a charitable deduction equal to the full, fair market value of the securities. You pay no capital gains on your gift and neither does The Tax Foundation.
The easiest method of transferring these assets to The Tax Foundation is to contact your broker and electronically transfer the stock from your account to The Tax Foundation’s account. Avoid selling the assets and then making a gift of the proceeds, because this will trigger a capital gains liability for you.
In order for the Tax Foundation to acknowledge your gift and provide you with an IRS receipt, please take the following steps:
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