There are some significant tax incentives for contributing a gift of appreciated privately-owned, publicly traded securities or bonds to the Galleries. Generally a donor may keep half of the tax on the capital gain that you would typically pay if you sold these securities on the open market.

Since a full tax receipt would be issued for gifts of bonds to charities, donors have the immediate tax credits for the fair-market value of the bond. As of October 2000, donations of securities are taxed at only one half of the capital gain and only 25% of the capital gain is calculated into the donor’s income.

If you are considering a gift of appreciated securities or bonds, please discuss the benefits of such a contribution with your financial consultant first.