Stocks, bonds or any other securities can be transferred as gifts. Stock gifts benefit both Pierce County Library Foundation and Foundation donors.
If the stock has appreciated in value, the holder can avoid paying the capital gains by giving it as a gift.
It is a Foundation policy to immediately convert all stock transfers to cash at the time of gift receipt. Your tax deduction will be determined at the time the stock gift is exercised by the Foundation and is equal to the difference between the option price and the stock value.
Tel: 253-548-3300 Fax: 253-537-4600 Washington Relay TTY: 711
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