Gift of appreciated stock

Income tax deductions are available for the fair market value of donated stock rather than its cost basis. Giving stock that has increased in value is a beneficial way to assist the University while bypassing the capital gains tax that would be due if you simply sold the stock.

Gifts of appreciated stock can be tax deductible up to 30 percent of your adjusted gross income. Any unused portion of the gift deduction can be carried forward for up to five additional years.

Stock certificates can be reassigned directly to the University of Kentucky or can be transferred through your broker. For 2016 tax savings, stock must officially transfer to the University by December 31.

 

For additional information, please contact:
Ford Stanley, Senior Director of Estate and Gift Planning,
Executive Director of University of Kentucky Real Estate Foundation

giftandestate@uky.edu
800-875-6272 or 859-257-7886