LAU welcomes gifts of stocks and other publicly traded securities. Gifts of securities that have appreciated in value allow you to claim a charitable deduction for the full market value of the securities—as valued on the date the gift is made. In addition, you pay no capital gains tax on the appreciated value of those securities.
Gifts of appreciated securities are fully deductible up to 30% of your adjusted gross income, and additional deductions in excess of 30% can often be carried forward for up to five years. You should consult with your accountant or tax attorney for additional details.
Gifts of stocks or bonds can be made through electronic transfer from your broker to LAU’s brokerage house. Please contact LAU’s office in New York for additional details.