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Gifts of long term capital assets can be tax savvy

The mission of Gordon Fischer Law Firm is to promote and maximize charitable giving in Iowa. So, I have to repeat, again, that if you hold long-term capital assets, like appreciated publicly traded stock, that is an ideal asset for charitable giving. There are at least four benefits to gifting long term, appreciated, publicly traded stock, which I provide here.

Many people mistakenly believe that all donations of appreciated securities are deductible at full fair market value, but only long-term appreciated securities — those held for at least one year and a day — are eligible for a full deduction. For individuals who hold short-term appreciated securities, there is [very probably] no tax difference between donating the stock or selling the stock and donating the proceeds.

Remember, then, “a-year-and-a-day-keeps-the-tax-man-away” — gifts of long term capital assets can be very tax savvy. Remember also to visit here regularly for more charitable giving tax tips.

Gordon Fischer Law Firm, P.C. is dedicated to promoting and maximizing charitable giving in Iowa. Gordon can be reached by phone at 515-371-6077; by email at; and through his website at

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