A gift of appreciated stock (held more than one year), corporate bonds and other marketable securities makes an excellent donation. When you donate stock or mutual fund shares you have held for more than one year, you may deduct the full current market value of the investment on your tax return and avoid paying capital gains tax on the appreciated value.
For more information, please contact:
Back in the Swing
Greater Kansas City Community Foundation
1055 Broadway Blvd #130
Kansas City, MO