Stocks and Mutual Funds
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.