Assets are the Best Way to Give
When you donate appreciated assets like stocks to GlobalTrust, you’ll be able to take a tax deduction for the full fair market value of the asset you donate. The assets transfer is not subject to capital gains or Medicare taxes – your assets may be subject to these taxes otherwise when you sell them. It’s more tax efficient to give assets in support of favorite charities and causes. Donating assets requires a couple of extra steps tan cash donation, but it’s worth it, and we make it easy.
Consider this for Example
A donor intends to donate $100,000, and the donor either donates cash or some appreciated stock currently values at $100,000 with a cost basis of $10,000, If the donor sold the stock, it will incur a substantial capital gains tax. By Donating the the asset instead of cash is far more tax efficient.