Maximizing Tax Benefits

You can maximize tax benefits by donating highly appreciated assets, such as:

  • Publicly-traded securities
  • A second home or vacation home
  • Land
  • Collectibles and Antiques

Tax benefits include:

  • Charitable income tax deduction equal to the fair market value of the asset
  • Capital gains tax is minimized or avoided
  • The asset is not included in your estate for estate tax purposes
  • The out-of-pocket cost of your gift is what you originally paid for the asset, but the benefit to Boston Conservatory at Berklee is the fair market value at the time of donation, which is significantly higher.

Here is an example:

You purchased stock 10 years ago at $10,000. Today the stock is worth $18,000. If you donate the stock directly to Boston Conservatory at Berklee, you receive an income tax deduction of $18,000. You avoid paying capital gains tax on the long-term gain of $8,000. Boston Conservatory at Berklee receives a significant gift of $18,000 to support its mission.

Learn more by contacting Dana Grider, senior director, Institutional Advancement, at dgrider@berklee.edu or 617-747-2439.