As we approach the end of the calendar year, many people are reviewing their investment portfolios and making decisions about selling, buying, and rebalancing. You may want to consider contributing the stock to The Arc of Massachusetts. Your gift of appreciated stocks or securities will not only support The Arc’s mission, but it may also provide you with significant tax benefits. For example, by gifting stock you can avoid paying capital gains taxes on the appreciated value and may be able to take a tax deduction on the fair market value.
Be sure to transfer the securities themselves, not the proceeds of their sale, to The Arc to avoid capital gains taxes. Plus, if you itemize your deductions, outright gifts of appreciated securities are tax-deductible at full fair-market value, provided you have owned the asset for one year or more.
Please do let us know that you are transferring securities so that we credit you properly and issue a receipt for tax purposes. It also is important to consult a tax advisor or your accountant for advice related to your personal circumstances. For more information, please contact Katrin Aback, Director of Development via email at email@example.com or 781-891-6270 x105.