Gifts of Stocks, Real Estate, and Other Assets
Donating appreciated securities, including stocks or bonds, is an easy and tax-effective way for you to make a gift to PAACS. You could receive a tax deduction for the fair market value of the stock, as well as avoid paying capital gains tax. This makes giving appreciated stock a much more cost-effective option than giving cash. Also, donating appreciated real estate, such as a home, vacation property, undeveloped land, farmland, ranch or commercial property can make a great gift to PAACS.
Benefits of Gifts of Stocks and Bonds
- Avoid paying capital gains tax on the sale of appreciated stock
- Receive a charitable income tax deduction
- Further our mission today
How to Make a Gift of Stocks and Bonds
By electronic transfer - Please contact us for instructions on how you can transfer stock or bonds from your brokerage or investment account to PAACS.
By certified mail - If you hold securities in certificate form, you will need to mail two envelopes separately to complete your gift. In the first envelope, place the unsigned stock certificate(s). In the other envelope, include a signed stock power for each certificate. You may obtain this power from your broker or bank. Please remember to use certified mail.
More on Gifts of Stocks and Bonds
There are special rules for valuing a gift of stock. The value of a charitable gift of stock is determined by taking the mean between the high and low stock price on the date of the gift. Mutual fund shares are valued using the closing price for the fund on the date of the gift.
Benefits of Gifts of Real Estate
- Avoid paying capital gains tax on the sale of the real estate
- Receive a charitable income tax deduction based on the value of the gift
- Leave a lasting legacy to PAACS
How to Make a Gift of Real Estate
Your real property may be given to PAACS by executing or signing a deed transferring ownership. You may deed part or all of your real property to PAACS. Your gift will generally be based on the property's fair market value, which must be established by an independent appraisal.
Additional information
Mortgaged Property - Please contact us if the property you wish to give has existing debt or a mortgage. Indebtedness can affect your charitable tax deduction.
Difficult Property Gifts - Certain properties pose challenges. We have adopted policies to limit the acceptance of certain kinds of real estate. Please check with us before making a gift of real estate so we can explain our gift acceptance policies.
Capital Gains Tax - Check with us on the capital gains tax implications of your gift. You may also be interested in life income options.
Please reference PAACS as The Pan-African Academy of Christian Surgeons (PAACS)
FEIN - 84-2569391
