Gifts of Stocks | Planned Giving Gifts of Stocks You may choose to make a gift in the form of stocks, bonds, mutual funds, and other securities that appreciate in value. If the securities have been held long-term (12 months and one day), they are generally deductible as an itemized deduction of up to 30% of adjusted gross income at fair market value. As with gifts of cash, any excess deduction may be carried forward up to five additional years. In addition to the charitable deduction for gifts of securities, the donor also avoids the Capital Gains Tax that would be otherwise due if the assets were sold. Benefits You provide generous support to the International Book Project. You may qualify for a federal income tax deduction. You avoid Capital Gains Tax on the sale of securities. Your gift may reduce your estate taxes. The following compares the results of a sale of securities and gift of proceeds vs. a gift of securities.   Sell Securities & Give Cash Give Securities Outright Gift to IBP $21,000 $25,000 Income tax savings $6,510 $7,750 Capital Gains Tax paid or saved $4,000 paid $4,000 saved Net tax savings $ 2,510 $ 11,750 If you would like to make a gift of stock or other securities to the International Book Project, please contact: Smith Barney Attn: W. Morgan Fister 444 E. Main Street, Suite 111 Lexington, KY 40507 859-231-9500 1-800-354-9559 www.smithbarney.com w.morgan.fister@smithbarney.com Back to Ways to Donate