Donate appreciated stocks, bonds, and mutual funds. The general appreciation in stock values may mean that you can make a gift that is particularly tax-advantaged.
Gifts of appreciated securities held for more than one year are eligible for a charitable income tax deduction for their full market value. In addition, if the securities have appreciated in value since you acquired them, you completely avoid the capital gains tax you would incur if you sold them. So your actual cost of giving is less than that of an equivalent gift of cash.
To make a gift of stocks:Notify your broker in writing asking him/her to transfer the stock to the Maxwell Conservation Trust, Ltd., at Merrill Lynch. Then, please
contact The Maxwell Conservation Trust at (781) 545-4167 or send us a copy of your letter.
If you hold the certificate:
Send the stock certificate (unendorsed) and a signed (but not dated, and otherwise blank) stock power (available at your bank or your broker's office) in separate envelopes by registered mail to The Maxwell Conservation Trust, 292 Clapp Road, Scituate, MA 02066.
The Trust is a non-profit 501 (c) (3), which means that gifts of any type (land, cash, securities, etc.) will have definite tax benefits. Please consult your tax consultant or attorney about how tax benefits can apply to your specific situation.