Gifts of Stock
Many donors find it convenient to use stock as a way of gifting their favorite charitable organization, and there are tax savings benefits, as well.
If you have owned a corporate or mutual fund stock for at least 12 months, and it has appreciated in value, you can donate the stock to Kindred Spirits Care Farm, a 501(c)(3) charitable organization, and deduct its full market value without paying any tax on the long-term capital gain. This benefits both you and Kindred Spirits Care Farm! You get an additional tax deduction, and Kindred Spirits Care Farm receives a larger gift than if you had sold the stock, paid tax on the gain, and given the remainder.
Be sure to check with your own tax advisor before making a gift of stock or securities to anyone.