Gifts of Appreciated Securities
(Important reminders)

DO
Rather than selling stock first and then giving the Binghamton University Foundation the proceeds, sign over the certificates of stock to the Binghamton University Foundation. The IRS will impose capital gains tax if you sell the stock, eliminating a key tax benefit of this giving technique.

DO
Sell depreciated stock, claiming the resulting tax loss as one deduction, then make a deductible cash gift to the Binghamton University Foundation with the proceeds. If you contribute securities that have declined in value, the fair-market deduction rule works against you: if you bought the stock for $50,000 and it's now worth $30,000, your charitable deduction will be limited to $30,000. You won't earn a capital loss by making the transfer to us, either.

For more information

Email us, complete the personal illustration form, or call us at 607-777-4712 so that we can assist you through every step of the process.