Stocks and bonds are appreciated donations that may be given directly to Hospice of Marion County. You may be able to deduct gifts of securities as a charitable donation and avoid a capital gains tax on the transfer. You may also choose to make Hospice of Marion County a beneficiary of your securities in your will.
Meet with your financial advisor and/or attorney to ensure your wishes are met.
Example of tax-saving strategy: You have stocks currently valued at $20,000 that you purchased for $4,000 several years ago. If you sell them, it will result in a $16,000 capital gain and you are in the 35% marginal income tax bracket. By donating your stocks to Hospice, you will: