The value of the stock market has increased dramatically since 2009.
If you have profited, you may be considering selling appreciated securities but are concerned about ever-increasing capital-gains taxes.
There is a solution: a gift of appreciated stocks or bonds to Catholic Answers.
Here’s how it works:
When you sell appreciated securities, you are taxed on the capital gains. However, if you contribute appreciated stocks or bonds to Catholic Answers, your gains are not taxable. In fact, you will receive a charitable deduction for the full, fair-market value of the securities as of the date of the gift. To qualify, you have to have held the stocks or bonds for more than one year. Your securities broker can even wire the shares directly to Catholic Answers’ investment account.
How Do I Get Started?
The shares can be wired directly to our investment account at Wells Fargo. You or your broker can contact:
Thomas I. Schroeder
Senior Financial Advisor
Wells Fargo Advisors
4655 Executive Dr., Ste. 1000
San Diego, CA 92121
Our Direct Transfer Code is 0141
Our Account Number is 20027983
The receiving institution is Catholic Answers.