A TAX WISE LEGACY GIFT
Using appreciated stocks or mutual funds is a tax-wise way to fund your gift to the North Dakota Cowboy Hall of Fame (NDCHF). Gifts of appreciated securities held longer than one year are exempt from capital gains taxes. Outright gifts entitle the donor to a tax deduction equal to the fair market value of the securities at the time of transfer.
To avoid exposure to capital gains tax, the stock must be transferred to NDCHF. We then sell the stock from our account.
Please contact us for transfer details. We can work with you for a seamless transfer, properly credit your gift and provide a letter for tax purposes.
PLEASE INFORM US OF YOUR PLANS
By informing NDCHF of your gift, you help us prepare for the future. Equally important, you give us the chance to thank you for your generosity.
To notify us of your intentions, please contact us.
Information provided on this Web site is general in nature and not intended to be tax or legal advice applying to your specific situation. Advice from a qualified professional advisor should be sought when considering a gift.