ORI’s Community Foundation Partner
Gifts of Appreciated Securities
You can secure significant tax advantages by making a gift of securities – stocks, bonds, and mutual funds. A gift of stock held longer than one year allows you to avoid paying capital gains tax. You also receive an income tax deduction for the current market value of the gift – deducting gifts totaling up to 30% of your adjusted gross income in any year, with a five-year carryover for any excess. To make a gift you are welcome to call Essex County Community Foundation at 978-777-8876.