You transfer appreciated securities to Forest Home.
You receive an income tax deduction for the full market value and avoid paying capital gains tax.
Forest Home sells the securities, avoids capital gains tax, and uses 100% of the proceeds to make it possible for children, youth and families to experience the life-changing power of the Gospel at Forest Home.
Benefits
You receive an immediate income tax deduction for the fair market value on the date of transfer.
You pay no capital gains tax on the transfer.
If desired, you can immediately repurchase the identical stock at a new basis. No wash sale rules apply because it is gain property.
You experience the joy of making it possible for children, youth and families to experience the life-changing power of the Gospel at Forest Home.
