Oct. 27, 2016 | CHH Foundation, Legacy Planning, News, St. Mary's Foundation
by Bradley Burck

Giving Stock

Giving stock is easy.  If you have publicly-traded stock, mutual funds, bonds, or similar instruments that have reported significant gains, it is better to donate such assets to the Cabell Huntington Hospital Foundation or St. Mary’s Foundation instead of selling the holdings and giving the cash. A donation allows you avoid any capital gains taxes that would accrue from the sale of stock. Afterwards, if this particular investment is still attractive, you can use available resources to repurchase it at the current price, meaning you will likely have a higher cost-basis in the investment.

If you would like information on how to transfer stock, please contact Kristi Arrowood at 304.526.2009.

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