Michael Afflitto, CAP®
Southern New England Division
855 Asylum Avenue
Hartford, CT 06105
Toll Free: 1-888-468-5356
Tel: 860-702-0070 Direct
There are no definite rules for selecting stock for a charitable gift. The best choice will depend on your portfolio and your investment goals. But here are a few general rules...
First, look for a stock with the greatest amount of appreciation. Such a stock will give you more leverage for the untaxed gain.
Second, if you try to stick to a specific ratio for your portfolio (i.e. 40% stocks, 40% muni bonds, and 20% cash), you could choose to give a certain stock so you can reposition your investments, balance your overall position, and receive valuable tax relief.
Third, select a stock that may have lowered or cut its dividend.
All of these options require some planning, so consult your investment and tax advisors and let them know about your philanthropic ideas.
It’s easy to find out. Please call or email us and we’ll be happy to answer any of your questions. You can request a free, no-obligation proposal, which will spell out the anticipated financial and tax benefits of a hypothetical gift. We will provide you with the procedures for making a gift of your choice which will help to ensure that you receive the maximum benefits from your gift.