OK…not that kind of stock!
Giving stock that has appreciated in value is a great way to help the IBMA Foundation in its mission to make the future of bluegrass music brighter. It can also help you avoid the tax burden of capital gains, as you are allowed you to deduct the full market value of the stock on the day it is received as a charitable deduction. For more information, call the Foundation at 615.260.4807 or email firstname.lastname@example.org. Please make sure that you or your advisors contact the IBMA Foundation before shares are transferred.
RETURN to the January 2021 issue of The Cornerstone.