Gifts of Securities
Gifts of securities are an important component of giving to HPU, and often result in significant tax benefits to the donor. For example, donations of long-term appreciated securities are generally deductible at market value, regardless of the cost basis.
- Long-term appreciated securities are those that have been owned for more than one year, and have increased in value. If you itemize deductions, such a gift would entitle you to a federal income tax deduction for the full fair market value of the securities on the date of the gift, up to a maximum deduction of 30% of your adjusted gross income for the year.
- Short-term securities are those held for less than one year. If you itemize, you will be entitled to a federal income tax deduction for only the purchase price of the securities.
- Depreciated securities are those that have declined in value since purchase. The University suggests that the donors sell them, take the tax loss, and donate the cash proceeds. This will provide the maximum tax benefits from the gift.
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