What are the benefits of giving securities to Columbia?
Giving appreciated stock or bonds is usually more advantageous than giving cash. If you give appreciated securities held longer than one year, you can deduct their full fair market value, regardless of what you originally paid for them. Though your total deduction is limited to 30 percent of your adjusted gross income in any year, you can take any unused deduction over five succeeding tax years. And, you pay no capital gains tax on the donated securities. Please consult your financial or tax advisors before making any material decisions based on this information.
