Gift of Stocks:
A gift of stock provides an opportunity for real
tax savings while generously supporting the democratic
World Assembly project. A donation of stock owned
for more than a year entitles you to a charitable
deduction for the full market value at the time
the donation is made. If the stock has appreciated,
you need not pay the capital gains tax on that appreciated
value.
Example: a gift of stock bought over a year ago for
$1,000 now worth $4,000 produces:
- a charitable tax deduction for the full $4,000
- no tax due on the $3,000 appreciation in value
- the full gift amount of $4,000 is immediately
put to work to promote global democracy