A gift using appreciated securities is an excellent way to maximize a charitable contribution. You may take a tax deduction for the stock’s market value even though the cost basis may be much less. In making a stock gift to Plan International USA, you also avoid capital gains tax if you have owned the securities for more than one year.
The most popular way of making a stock gift is by electronic transfer of the securities. Ask your broker to notify us by telephone, fax or letter that a gift is being electronically transferred into our account. Or, you may call us toll free at 1-800-556-7918. This will help us identify you as the donor and provide you with a receipt for tax purposes. Obtain stock transfer instructions.
Some individuals may be in possession of stock certificates they would like to donate to Plan International USA. The certificates need to be signed on the back, and a stock power form and a stock authorization need to accompany the certificates. To ensure secure delivery, the signed certificate and stock power should be mailed in separate envelopes.
Should you sell the stock and give Plan International USA the proceeds, you will not avoid capital gains on appreciated securities. However, you may benefit from a capital gains loss if the stock has decreased in price.