Making a gift of securities or shares in a mutual fund that have increased in value and been held for more than one year is an excellent way to maximize the tax benefits of your gift to the American Federation for Aging Research (AFAR).
A gift of securities offers you the chance to support our work while realizing important benefits for yourself.
When you donate appreciated securities or mutual funds you have held more than one year you can reduce or even eliminate federal capital gains taxes on the transfer.
You are also entitled to a federal income tax charitable deduction based on the fair market value of the securities at the time of the transfer.
Please note that it is essential that you and/or your financial representative provide complete information directly to AFAR.
According to IRS regulations, your gift of securities is valued based on the date of transfer (not the date that instructions are made to the donor’s stockbroker or the actual sale price). The acknowledgement letter from AFAR will confirm the actual date of transfer as well as the number of shares donated.
It is the policy of AFAR to sell all gifts of securities upon their receipt. AFAR will notify its broker of a gift of stock and will request its immediate sale. The actual value of the stock on the date of sale does not affect the valuation of your gift for tax purposes and is not reported to the IRS.
If you wish to make a gift of securities to AFAR, please contact AFAR's Development Team at 212.703.9977.
