An Outright Gift of Appreciated Stock enables you, the donor, to obtain substantial tax benefits. First, you can receive an income tax deduction equal to the full fair market value of the stock on the date of the gift. In addition, no capital gains tax is due when The Kennedy Center sells the stock, so the full value of the gift supports our work in empowering the people with disabilities in our community.
Appreciated stock is also an excellent asset to use for funding a gift plan that provides income for life. Because charity will benefit in the future from the principal of the gift, capital gains tax is avoided when appreciated stock donated into the plan is sold to reinvest for higher income.
We recommend that you consult your tax advisor to determine additional tax benefits to which you may be entitled.
For further information, please email The Kennedy Center @ firstname.lastname@example.org or call 203.365.8522, ext. 2084.