Gifts of Appreciated Publicly-Traded Securities
A gift of stocks or bonds which are (or will be) readily marketable. The deduction for outright gifts of appreciated long-term securities (held more than 12 months) is equal to the fair market value of the securities on the date the donor relinquishes control of the assets to Baltimore Humane Society, and none of the appreciation is taxable for capital gains purposes. Please note: Do not sell the stock; you must transfer the securities to BHS to achieve the most advantageous tax treatment.
Gifts of Closely Held Stock
A gift of stock of a private corporation. The donor may avoid capital gains on appreciation of closely held stock while attaining a tax deduction based on the stock's fair market value. As with publicly traded stock, the donor may obtain an immediate tax deduction of up to 30% of adjusted gross income. If the gift amount exceeds 30% of adjusted gross income, the remainder of the deduction generally can be carried over for up to five years.