Outright Gift of Appreciated Securities
Receive a Tax Deduction for Using These as Gifts
Securities and mutual funds that have increased in value and have been held for more than one year, are one of the most popular assets to use when making a gift to Step Up For Students. Making a gift of securities or mutual funds to Step Up offers you the chance to support our scholars while realizing important benefits for yourself.
When you donate appreciated securities or mutual funds held more than one year, you can reduce or even eliminate federal capital gains taxes on the transfer. You may also be entitled to a federal income tax charitable deduction based on the fair market value of the securities at the time of the transfer. Please check with your tax counsel to determine what charitable deductions may be available to you.
Securities are most often used to support our work in the form of:
An outright gift. When you donate securities to Step Up, you receive the same income tax savings you would as if you wrote a check, but with the added benefit of eliminating capital gains taxes on the transfer, which can be as high as 20 percent.
A transfer on death (TOD) account.* By placing a TOD designation on your brokerage or investment account, that account will be paid over to one or more persons or charities after your lifetime.
Click on the links below to see the additional ways to fund your gift:
- A gift in your will or living trust.
- A donor advised fund.
- A memorial gift.
- An endowed gift.
- A charitable gift annuity.
- A charitable remainder trust.
- A charitable lead trust.
*State laws govern payable on death accounts. Please consult with your bank representative or investment advisor if you are considering this gift.
- Contact Elizabeth L. Watson at (407) 491-7429 or firstname.lastname@example.org for additional information on appreciated securities.
- Seek the advice of your financial or legal advisor.
- If you include Step Up in your plans, please use our legal name and federal tax ID (59-3649371).
Legal Name: Step Up For Students
Address: 4655 Salisbury Road, Suite 400, Jacksonville, FL 32256
Federal Tax ID Number: 59-3649371