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Iowa Public Television

 

Leadership Circle: Gifts of Stock

Leadership CircleMany people have worked hard all their lives and have accumulated a lot of wealth specifically in stocks and publicly traded securities. Often people have owned these stocks for many years. Because of this, to sell the stock would mean paying high capital gains tax.

This is where IPTV can help.

Instead of giving cash as your contribution, give stock instead. An outright gift of these investments totally eliminates any capital gains taxes and gives you a tax deduction of the total current market value of the asset on the date we receive the stock transfer.

It is important that you transfer the ownership of these assets to IPTV instead of selling them and giving the proceeds of the sale. If you sell the asset and then gift the proceeds, you will be responsible for capital gains taxes. Transferring ownership eliminates the capital gains tax.

Please contact us for more information about how to make your gift of stock!

(NOTE: These assets may be used to fund a charitable gift annuity. This does not eliminate the entire capital gains tax, but it does spread it out over the life of the annuity.)