Give stock or other securities
Preservation Maryland accepts gifts of stock or other securities for current year contributions. An outright gift of these investments totally eliminates any capital gains taxes and provides a tax deduction of the total current market value of the asset on the date the stock is transfered to Preservation Maryland.
It is important that you transfer the ownership of these assets to Preservation Maryland instead of selling them and giving the proceeds of the sale. If you sell the asset and then gift the proceeds, you will be responsible for capital gains taxes. Transferring ownership eliminates the capital gains tax .
Please contact us for more information about how to make your gift of stock.