of appreciated stocks and/or bonds
gifts have the same benefits to New Orleans Baptist Theological
Seminary as cash. However, a gift of securities may be more beneficial
to you, the donor, than gifts of cash.
a gift of marketable securities which have been held longer than
one year, you receive a charitable deduction equal to the full
fair market value (FMV) of the securities. The Fair Market Value
is determined by the average of the high and low sales prices
of the securities on the gift date.
A deduction of securities is limited, in any one year, to 30%
of the adjusted gross income (AGI) of the amount of the gift,
with the same five-year carry over provision.
You avoid gift and estate taxation, which cash gifts are subject
to, and you also avoid paying taxes on capital gains on the appreciation
in the value of the securities. This can be a major benefit to
you if you have have held securities over a few years and if they
have grown in value.
You should always seek the advice of you financial and/or tax
advisor when making decision regarding your personal situation.