When you donate appreciated securities to Alzheimer’s New Jersey®, you receive two tax breaks. First, you may be able to deduct these gifts as charitable donations. Moreover, you can also avoid capital gains tax on the transfer. When giving securities, be sure to consult with your financial advisor and/or attorney.
A gift of appreciated securities can be made directly to Alzheimer’s New Jersey. You may be able to deduct the fair market value of the securities without paying federal income tax on the appreciated value. If you sell the securities and donate the proceeds, you will have to pay the capital gains tax, thus decreasing the amount of your gift. Gifts of stock may be securely and conveniently transferred electronically to Alzheimer’s New Jersey. Please call Kenneth C. Zaentz, President and CEO at 973.586.4300, so we can inform our broker that a transfer will be made. Then, contact your broker to initiate the gift of securities to Alzheimer’s New Jersey. Your broker will need the following information which we can provide: Account Name; Account Number and DTC Number.