A contribution of securities to the Cato Institute can provide you with significant tax benefits. If stock you own has appreciated in value and you have owned the stock for more than one year, you will be able to use the current value of the stock as your charitable deduction, up to 30 percent of your adjusted gross income (AGI). If a portion of your gift cannot immediately be deducted because of the AGI limitation, the “unused” portion may be carried forward and used for five years.
Bear in mind that, beyond this AGI limitation, there are other broad limitations on deductability—so make sure you consult your tax advisor.
In addition, you will not be required to pay capital gains tax on the appreciation that would have been realized if you had sold the stock.