Mercy gratefully accepts gifts of publicly traded securities, including stocks, bonds, and mutual funds. These types of gifts may be transferred electronically or delivered in certificate form. It is the general policy for all publicly traded securities to be sold upon receipt.
Charitable gifts of stocks, bonds, or mutual funds that have been held for at least one year and have appreciated offer special tax advantages. You will receive a tax deduction for the full market value of the gift, but you will not have to pay capital gains tax on the appreciated amount. If you sell depreciated stock and contribute the proceeds, you will receive both a tax deduction for the charitable gift and a deduction for the capital loss.
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Have questions? We can help. Please call 207.879.3487 for assistance.