Charitable gifts of appreciated securities can provide tremendous benefits to both the donor and Third Angle New Music. Gifts of appreciated securities held for over a year are generally deductible at market value and are exempt from capital gains tax. For example, if you bought stock years ago for $1,000 and it is now worth $10,000, giving that stock to Third Angle New Music would result in a charitable deduction of $10,000. You would also avoid paying capital gains tax on the $9,000 of appreciation.
Check with your tax advisor for special tax benefits, and contact Executive Director Lisa Volle at 503.331.0301 or email@example.com for transfer information.