Capital gains tax bypassed

Leonard was nearing retirement from an executive position at a major corporation. Over the years, a significant portion of his compensation was in corporate stock. While these securities increased in value, Leonard and his wife Anna's potential capital gains tax bill was also rising. With retirement on the horizon, Anna and Leonard were looking for a way to sell their highly appreciated stock and avoid paying high capital gains taxes.

With a gift of stock, Anna and Leonard established a donor-advised fund at the Community Foundation. They are able to support the organizations they care about, like The Works, Inc. and New Ballet Ensemble and School. They are able to take a tax deduction and deduct the full, fair market value of the stock and avoid paying capital gains taxes. The Community Foundation is equipped and experienced in receiving such gifts of appreciated securities.

You may also want to give stocks, mutual funds, bonds, or other securities to help you avoid capital gains taxes and earn a charitable tax deduction based on market value. We accept both closely held and publicly traded stock. Email Director of Development Caroline Kuebler or call her at (901) 722-0036 to learn more.