Donations
- Cash
- Stocks
- Closely Held Stock
- Life Insurance
- Mutual Funds
- Qualified Retirement Plan Assets
- Planned Giving
Stocks
Donors who contribute long-term appreciated securities to the Dominican Sisters of Peace receive a double federal tax benefit. Gifts of appreciated stock are deductible at their full market value if held longer than 12 months. Fair market value is the mean between the high and low trades on the date of the gift.
The capital gains tax on the stock’s appreciation (the difference between the property cost basis and its present fair market value) is completely avoided. The fair market value of the donated securities can be deducted up to 30 percent of the donor’s adjusted gross income, with a five year carry-forward if required. Donors who have stock that has not appreciated or which they no longer care to hold may find a charitable donation of the stock to be a better option.