For those of you at CUCC who itemize deductions and who own stock, considering the strong market performance over the past two years, contributions of appreciated publicly traded securities may offer significant additional tax benefits in comparison to cash donations. In addition to a fair market value charitable deduction of gifted securities, donors may avoid the capital gains tax they would trigger if they sold the securities and gifted the cash proceeds.
For more detailed information on how to make gifts of stock to CUCC, please contact Bill Lamb @ cuccral.treasurer@gmail.com.