Giving Securities Brings Tax Savings

Giving appreciated securities, for gifts of any size, will provide significant tax savings to donors. Not only is the donor relieved of capital gains tax on the sale, but they receive a tax deduction for the full fair market value of the security on the date it is transferred to our account, not the cost basis, which adds up to a lot of value!

Instruct your broker to wire securities in the appropriate amount to our account. Your broker should then confirm the details of the completed transaction in writing to you, as well as to Tabor, specifying the name and number of shares transferred, the date of transfer to our account and the mean market value per share on the date of transfer.

While this may sound complicated, it is actually very routine for brokers. Please be sure to let us know what you are doing, otherwise we might find your shares in our account without knowing they are from you, and we won't be able to thank you or know where you want us to apply them. Thank you!