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Appreciated Securities
(Stock warning)
TWO IMPORTANT REQUESTS
Don't sell the stock first!
Even though you give us the proceeds as a gift, the IRS will impose capital gains tax on your sale, wiping out the benefits of this arrangement.
Don't contribute stock that has declined in value?
First, the fair-market deduction rule works against you: if you bought stock for $50,000 and it's now worth $30,000, your charitable deduction will be limited to $30,000. Second, you won't earn a capital loss by making the transfer to us, either. It is better to sell depreciated stock, claim the resulting tax loss as one deduction, then make a deductible cash gift to the CSO with the proceeds.
For more information
Email us, complete the personal illustration form, or call us at 312.294.3111 so that we can assist you through every step of the process.
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