Donating long-term appreciated securities to BSN benefits families affected by neurological disorders and potentially you as well! Gifts of long-term appreciated securities may have tax advantages that could maximize your gift and reduce your taxes.
Potential benefits of donating stock may include:
Reducing federal and state tax on the capital gain;
an income tax deduction (federal and most states) for the full-market
value of the gift if you itemize deductions on your tax return and have
held the assets one year or longer;
Making a larger gift at a lower original cost to you.
Tonight, Brain Support Network is starting its 15th year of holding caregiver-only support group meetings for those dealing with Lewy Body Dementia, Progressive Supranuclear Palsy, Multiple System Atrophy, and Corticobasal Degeneration. Thanks to all of our volunteers for making possible this milestone.
We meet nine times a year in San Mateo. Let us know if you’d like to be added to our support group meeting reminder email list.
Generally speaking, brain donation is allowed in all states. However, New York makes brain donation difficult because state law requires that the brain be procured at a hospital. No New York hospitals are willing to plan in advance for brain donation. Most New York hospitals are reluctant to cooperate, even on a last-minute basis. If you live in the state of New York, the best option is to have your loved one transported across state lines for the brain procurement. Ask your funeral home or cremation organization if this is a viable option.