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TAX BENEFITS OF
APPRECIATED ASSETS
When you donate appreciated assets held for more than one year, you receive a charitable income tax deduction for the full fair market value – not just what you paid for them. You also avoid capital gains tax on the appreciation.
For example, if you bought stock for $10,000 and it’s now worth $25,000, you can donate it, deduct $25,000, and avoid paying capital gains tax on the $15,000 gain.
We strongly recommend consulting with your tax advisor to ensure your gift strategy aligns with your overall financial plan.
Questions? Contact Steve Phelan, Director of Mission Advancement
sphelan@adoratiofoundation.com or 785-534-0617
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