Gifts of Appreciated Property

Assets you own that have appreciated over time, such as stocks, bonds, or other securities, can be contributed to ALSC. This type of gift offers double tax savings. First, you receive a charitable income tax deduction at the time of the gift, based upon the current fair market value of the property. Also, you avoid paying any income tax on the appreciation in value of the property from the time of its purchase.

For income tax purposes, you may deduct a gift of appreciated property up to 30% of your annual adjusted gross income, with an additional five-year carry-forward.

© 2006 Alaska Legal Services Corporation