Property other than cash can make an excellent tax-wise investment in the Boys & Girls Clubs of Yellowstone County’s Endowment Foundation, especially if the asset has increased in value. Appreciated securities such as stocks, bonds or mutual funds when sold generate a taxable capital gain and a gift of appreciated property can;
- be deducted at full fair market value if held longer than twelve months,
- be deducted up to 30% of your adjusted gross income with any excess deduction carried forward for five years, and
- help you avoid capital gains, a smart and tax-wise way to give.