GIVING A GIFT OF STOCK
A gift of appreciated securities is an excellent way to support the Harvard Glee Club Foundation and reduce your tax burden at the same time. Transferring appreciated securities to the Harvard Glee Club Foundation generates a charitable contribution tax deduction based on the fair market value of the shares at the time the transfer is completed–regardless of basis.
Not only do you get a charitable gift deduction for the full market value of the stock, but you avoid capital gains tax on the amount that the stock has appreciated since you acquired it.
Unfortunately, because of security concerns, we are no longer able to provide this information via our website or email. Thank you for your understanding.