Gifts of appreciated stock are one of the most tax-wise ways to give.
If you own stock that has appreciated in value, and have owned it for more than one year, you can transfer ownership to MAHHC and avoid capital gains tax. You can also still deduct the full fair-market value of the stock from your income taxes, to the extent allowed by law. In other words, you can receive a tax break for the appreciation on which you never pay taxes – and it’s easy to do!
To make a gift of appreciated stock, please contact Charlie Clement at (802) 674-7321.