Stock Gifts

Donating a highly appreciated asset to the SPCA of Connecticut may allow you to avoid a significant portion of your tax liability while still receiving a charitable contribution deduction.

If you are currently holding long-term securities that have appreciated in value and decide to donate them to the SPCA, you are generally entitled to an income tax deduction for the fair market value of the stock, no matter what your original cost. Additional capital gains taxes that are due would be avoided.