Gifts of appreciated securities and closely held stock can be extremely beneficial-both to you and to the Center.
These gifts can help you diversify your assets and minimize capital gains taxes. Some donors are surprised to learn that gifts of closely held stock can create the same tax benefits as shares in publicly traded companies.
As with other kinds of gifts, gifts of stock can be directed to any area of the Institute.
-- Note that it is also possible to make a gift using shares of mutual funds-if you plan ahead. The benefits are similar to when you make a gift of appreciated securities, but the process generally takes much longer. You should allow four to six weeks for the transaction to be processed. In other words, if you are considering a year-end gift of mutual funds, the transfer should begin no later than November.
Questions about gifts of stock or mutual funds can be directed to the Center’s Director The Venerable Tenzin Priyadarshi at 617.324.6030 (email: email@example.com).