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Stocks & Bonds

Although gifts of cash are most common, gifts of appreciated stock you have owned for at least one year may offer a double benefit. If you already intend to sell appreciated stock, you may save money by gifting this stock to YU instead of contributing cash. While the gift of stock will, like a gift of cash, entitle you to a charitable income tax deduction, it will also enable you to avoid the capital gains tax that you would owe if you had sold the stock yourself.