Securities and mutual funds that have increased in value and been held for more than one year are one of the most popular assets to use when making a gift to the House. Making a gift of securities or mutual funds to us offers you the chance to support our work while realizing important benefits for yourself.
Mom and daughter in the peaceful North Courtyard.
When you donate appreciated securities or mutual funds you've held more than one year, you can reduce or even eliminate federal capital gains taxes on the transfer. You also may be entitled to a federal income tax charitable deduction, based on the fair market value of the securities at the time of the transfer.
Securities are most often used to support our work in the form of:
An outright gift. When you donate securities to the House, you receive the same income tax savings that you would if you wrote us a check, but with the added benefit of eliminating capital gains taxes on the transfer, which can be as high as 20%.
A transfer on death (TOD) account.* By placing a TOD designation on your brokerage or investment account, that account will be paid over to one or more persons or charities after your lifetime.
Click on the links below to see the additional ways to fund your gift:
*State laws govern payable on death accounts (where you name one or more persons or charities as the beneficiary of your checking, savings or certificates of deposit once you, the account owner, pass away). Please consult with your bank representative or investment advisor if you are considering these gifts.