Gifts of Securities
You may give stock—both publicly and privately owned—or bonds to Duke. If you have owned securities for at least one year, you will qualify for a charitable tax deduction equal to the value of the securities on the date they're given.
Duke may then sell the securities and use the funds without having to pay capital gains taxes. Gifts of appreciated securities are deductible up to 30 percent of your adjusted gross income in the year you make the gift.
You may deduct any excess balance over the next five years. In some cases, our donors can save substantially more in taxes by giving securities as opposed to cash. Consult your individual tax advisor to determine how much of your contribution is deductible.
Note that gifts of privately traded (closely held) stocks require additional preparation, but Duke’s planned giving staff can explain the benefits and options. When making a stock transfer, please contact Binta Watkins at 919.684.2338 and Ellen Stainback at 919.684.4784.