By donating stocks, that have been held for at least one year plus one day, directly to Horizon, not only can you take an itemized tax deduction for the full present value, but you also avoid having to pay capital gains tax on the increased value.
Like stocks, mutual funds can be donated directly to avoid capital gains tax, while taking an itemized charitable deduction on their full market value.
How to Transfer Securities to Horizon
To donate securities held by a brokerage firm:
Tell your broker that you wish to donate stock to Horizon International.
Please have your broker contact our financial advisor for relevant details:
First Vice President – Branch Manager
Wells Fargo Advisors
1106 Meridian Plaza, Suite 101
Anderson, IN 46016
Once you have initiated a transfer of stock, please notify Horizon with the following information:
Company and number of shares donated
Where stock is held/being transferred from
Estimated date of transfer
Designation (if any)
Mary Smith is transferring 100 shares of Apple stock from Merrill Lynch on 12/15/2022 designated for the Foundational Fund.