Like many established charitable organizations, IMSB is set up to receive direct donations of investment assets.
The gifting of appreciated stocks, bonds, mutual funds or real estate to qualified charities is a commonly employed technique that may provide greater monetary benefit to both the donor and the recipient. This synergy is possible because donors are generally entitled to tax deductions for the full market value of charitable gifts at the time of the gift regardless of their cost basis. Therefore, making direct transfers/donations of investments without requiring donors to pay income taxes on the sale is usually a smarter strategy for donors than simply selling their investment(s), paying the income taxes and subsequently donating cash.
Since gifts of investment assets must follow particular procedures, if you’d like to explore the benefits and requirements of making such gifts, please contact our philanthropic adviser, Glenn Smith CFP®CIMC®, at 408-395-1002 or 800-476-5713, or dana.