- You can transfer appreciated securities owned for more than one year to the Foundation and receive a charitable deduction for the average value of the security on the date the gift is made.
- You can claim a charitable deduction for the year in which the gift is made.
- If the charitable deduction exceeds 30% of your adjusted gross income, you can carry the excess forward for up to five years.
One Donor's Story
The Donor
A retired commercial pilot in Illinois owned highly appreciated securities from the airline where he worked. He was eager to help graduates from his Iowa high school who were interested in aviation or nursing.His Gift
The stock was sold tax-free by the Foundation.His gift of $30,000 in cash and stock created the Aviation Scholarship Fund.
One of the several scholarships awarded was given to a young man aspiring to become a commercial pilot like the donor. The donor and scholarship recipient have formed a personal relationship over the telephone.
Recently, the donor added another significant gift to his fund.
