Usually, a gift of appreciated stock or mutual fund shares can qualify for an income tax deduction equal to its current market value, and there is no capital gain tax when the fund shares are sold by the Community Foundation.

Any person wishing to donate securities held by a broker MUST notify the Community Foundation office of the name of the security being donated, the number of shares, the broker’s name address and phone number and the charitable fund at the Foundation to be credited with the gift.

Gifts of stock can be a great way to donate!  Simply call the Outer Banks Community Foundation for details at 252-261-8839.