Carlow University welcomes the gift of stock and other securities. Carlow benefits by selling the stock without paying taxes on the gain, and you benefit from making a contribution that would be larger than what you might have been able to donate in cash.
A gift of stock or other appreciated property entitles you to a tax deduction for the market value of the donated stock. If the stock you wish to donate has been held for more than one year, you can avoid capital gains tax on any appreciation of the stock by donating the stock prior to sale.
When making a gift of long-term appreciated stock and securities, be sure to transfer ownership of the securities to Carlow University. Do not sell the stock or securities on your own; this protects you from the capital gains tax on any appreciation.
Please note: Information found on this page is intended to provide general information and is not intended as legal advice nor should be relied upon as such.