Give appreciated securities to the Camden Public Library and you shall receive - a tax break. Whether it's 100 shares of blue-chip stock or a new high-tech gadget, our government does indeed allow you to deduct these gifts as charitable donations. Moreover, you also avoid capital gains tax on the transfer. This double benefit means that you can leverage a larger donation by using appreciated securities rather than cash to make your gift.
We welcome gifts of publicly traded stocks, bonds, and mutual fund shares. Some donors own stock in privately held corporations; contact us to learn about using those assets to make a gift. The securities you use to make your gift must have been held by you for more than one year to be fully deductible.