Stock Gifts
Stocks and bonds that have appreciated in value can be donated to Hoban. Donations are eligible for a charitable deduction equal to the fair market value of the securities on the the date the gift is received by the school and could avoid paying taxes on the appreciation.
If you leave savings bonds to your heirs, they will be taxed on the accumulated interest, leaving them with less than their value. Ask your attorney to add a codicil to your will or an amendment to your living trust that leaves your bonds to Hoban. This simple transaction enables Hoban to receive 100 percent of their value, and your family bypasses any tax burden.
If you would like to transfer your appreciated stocks online, Hoban offers an online tool to walk you through the process.