If you contribute long-term (owned for more than one year) appreciated securities to us, you get a two-fold income tax benefit: 

• You can deduct the full present fair market value
• You can owe no capital gains tax on the appreciation in value

The limit on deductibility in any tax year is 30 percent of your adjusted gross income, but any excess is deductible over the next five years.

If you want to give us securities on which you have a loss, consider selling them instead and then donating the proceeds to us. That way, you'll have a loss deduction to offset any gains on sales, plus you'll still get your charitable deduction.

Closely Held Stock

Owners of stock in a closely held corporation can make a gift to Beaumont, yet retain an ownership role in the corporation. This gift allows an income tax deduction for the charitable contribution. You would also avoid paying capital gains on the appreciation in value and avoid a second tax on accumulated earnings by averting a dividend distribution.

To transfer stock directly from your brokerage account to Beaumont Foundation, please follow these quick and easy instructions.

For more information on planned giving, please call 248-551-9825.