If you have owned a stock for more than 12 months and it has appreciated in value during that time, you would incur a capital gains tax by selling it. However, if you gift that stock to Easterseals Eastern PA, you avoid the capital gains tax and can also claim an income tax deduction for the full fair market value of the gift up to an amount equal to 30 percent of your adjusted gross income. Any unused deduction may be carried forward for up to five years.
Morgan Stanley serves as Easterseals Eastern Pennsylvania’s broker for receiving securities to fund outright gifts or bequests.
For instructions on transferring securities to Easterseals Eastern PA, contact Ann Marie Surovy, CFRE, Director of Advancement at firstname.lastname@example.org or 610-289-0114 x205.