There are two major tax benefits that occur when gifts of stock are made. First, you are able to avoid capital gains taxes that would normally be paid on stocks that have appreciated in value. Second, you are allowed to deduct the full fair market value of the gift from your taxes for that year, provided you have owned the stock for more than one year.
A gift of stock is valued by using the average (mean) between the high and low prices on the date the gift is received by the Foundation. The gift date for securities transferred from your brokerage account is the day the transfer hits the Foundation’s brokerage account. If securities are mailed in certificate form, the gift date is the date it is received by the Foundation.
How it works
Stocks can be transferred electronically from your brokerage account or can be sent through the mail if held in certificate form. Please contact Allison Rickels, Executive Director, at (816) 891-9445 or Allison@FarmHouse.org for transfer information and instructions.