The benefits available to you when making a contribution of stock or mutual funds may include:

• Avoiding federal and state tax on the capital gain.
• Receiving an income tax deduction (federal and most states) for the full market value of your gift if you itemize deductions on your tax return and have held the assets one year or longer.
• Making a larger gift at a lower original cost to you.

How Gifts of Stock benefits you

If you purchased stock for $1,000 and it is now worth $10,000, an outright gift of the stock to the State YMCA of Georgia would give you a deduction of $10,000. And there‘s no capital gains tax on the $9,000 of appreciation.

Two things to note:

    * Make sure you have owned the stock for a “long-term” period (generally more than one year) to qualify for these tax advantages.
    * Gifts of appreciated stock are deductible up to a maximum of 30% of your adjusted gross income. For example, if your adjusted gross income for 2006 is $100,000, up to $30,000 of long-term appreciated stock and other property gifts may generally be deducted.

Any excess can usually be carried forward and deducted over up to five subsequent years. You may wish to consult with your tax advisor about how a gift of stock would benefit you.

Please contact  at the State YMCA (770) 455-9622 if you have any questions.