| Pay your good fortune forward by gifting your appreciated stock to Fins Attached to help fund shark research and conservation. Fins Attached is excited to partner with Pikes Peak Community Foundation to provide donors the opportunity to give gifts of appreciated stock this year. These types of gifts are smart ways for donors to maximize giving to Fins Attached while also providing advantages like eliminating capital gains tax. Simply download the two documents below. What you need to know: If I gift stocks, will I still incur any capital gains taxes? No. If the stock has appreciated in value, you can avoid paying the capital gains tax by giving the stock as a gift to Fins Attached. What methods are used to gift stocks? If you hold the shares in a brokerage account, you can simply re-title the shares in the name of Fins Attached (use the form below). What tax deduction can I get for gifting stocks to Fins Attached? If you donate appreciated stocks that you’ve held for more than a year to Fins Attached, which is a 501(c)(3) nonprofit, you can typically take a tax deduction for the full fair market value of the stocks, up to 50% of your adjusted gross income for that year. |
