Gifts to WPI of stocks, bonds or mutual fund shares you have held long term (at least 12 months and one day) qualify for a charitable deduction based on the fair market value of the securities on the date of transfer. In most cases you will avoid any potential capital gain tax liability. Such gifts may be deducted for federal income tax purposes up to 30 percent of adjusted gross income, with a five-year carry-over provision available, if needed. When gifting short-term capital gain property (held less than 12 months), please note that the value of the federal income tax charitable deduction is limited to the cost basis, not the current market value.
If you wish to make a gift of stock, please contact Jodi Hogan at jahogan@wpi.edu, 508-831-6760; or Kaitlin Badjo at kmbadjo@wpi.edu, 508-831-4679.
Donors considering a gift of appreciated property should contact their tax advisors regarding any personal tax implications.