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Get Making Gifts Of Securities & Insurance - Durhampubliclibrary

Gift of stock or paid-up life insurance will support the construction of the new library. There are tax benefits for you, too. A gift of appreciated securities will entitle you to a charitable deduction for the current market value of the asset. You will avoid capital gains taxes as well. If the stock has depreciated, it is generally best to sell the asset then donate the proceeds to the Durham Public Library. In this way, you can claim both a charitable deduction and the loss from the sale to.

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