Give Stock. Pay Less in Taxes. Leave a Legacy.
Stock Gift Tax Savings Calculator
Calculate your potential tax savings when donating appreciated stock to Morton Community Foundation
Stock Information
Enter a ticker symbol to auto-fetch the current price, or enter values manually
| Ticker | Shares | Cost Basis/Share | Current Price/Share |
|---|
Tax Rates
Filing Status
Sets your 2026 federal income tax bracket and long-term capital gains rate (IRS Rev. Proc. 2025-32)
Taxable Income
Your taxable income after deductions —
Form 1040, Line 15
. This is
not
the same as your gross salary or Adjusted Gross Income (AGI, Line 11). It is lower because it subtracts your standard or itemized deduction.
$
Personal Income Tax Rate (%)
Your
marginal
federal tax rate — the rate applied to your highest dollar of income. Used to calculate the value of your charitable deduction. Auto-fills once you enter Filing Status and Taxable Income above. You can also find this on your most recent return: look up your taxable income (Form 1040, Line 15) in the IRS tax tables in the instructions, or check line 16 (Tax) ÷ line 15 for an effective rate approximation.
I itemize deductions on my federal tax return
If you take the
standard deduction
instead ($16,100 single / $32,200 MFJ / $24,150 HOH for 2026), your stock gift still avoids capital gains tax — but you receive no Schedule A deduction benefit. Turn this off if you do not itemize.
Note:
The OBBBA above-the-line deduction for non-itemizers applies to
cash gifts only
— not stock donations.
State
Auto-fills your state's capital gains rate
State Capital Gains Rate
—
Customize
Federal CG Rate
Long-term rate per 2025 IRS Topic 409 thresholds
—
Net Investment Income Tax
3.8% NIIT on capital gains when income exceeds 00k (single) / 50k (MFJ)
3.8%
Combined CG Rate
Federal + State + NIIT — total rate on gain if stock were sold
—
Illinois Gives Tax Credit
★ Illinois Exclusive
No Itemizing Required
The Only State Tax Benefit of Its Kind in Illinois
Illinois offers no state income tax deduction for charitable giving, whether you itemize or not. The Illinois Gives Tax Credit is the only Illinois state income tax incentive for charitable donations: a direct 25% credit against your Illinois income tax for qualified gifts to a permanent endowment fund at an approved community foundation like MCF. Charitable gifts to other organizations may qualify for federal tax benefits, but they do not generate an Illinois state income tax benefit.
25¢
Back on every dollar you give.
A $10,000 gift to MCF's endowment =
$2,500 directly off your Illinois tax bill.
A $40,000 gift =
$10,000 back.
It doesn't matter whether you itemize federally — this credit works for everyone.
Note: Electing the IGTC reduces your federal charitable deduction to 75% of the gift (IRS quid pro quo rules) — but the combined benefit still exceeds not electing the credit.
Note: Electing the IGTC reduces your federal charitable deduction to 75% of the gift (IRS quid pro quo rules) — but the combined benefit still exceeds not electing the credit.
Add the Illinois Gives Tax Credit to my calculation
Illinois residents only — requires a free Contribution Authorization Certificate (CAC) from IDOR before making your gift. MCF can help you apply.
Illinois residents only — requires a free Contribution Authorization Certificate (CAC) from IDOR before making your gift. MCF can help you apply.
Total tax savings vs. selling & donating cash
$0
% of Donation
0.0%
% of Investment
0.0%
Illinois Gives Tax Credit (25%)
$0
Based on donation of
—
Direct credit against IL taxes owed. Requires CAC approval from IDOR before gifting. Unused credit carries forward up to 5 years.
Breakdown
Capital Gains Tax Avoided
—% cumulative rate
$0
Charitable Tax Deduction
—
$0
Donation Details
Fair Market Value
$0
Cost Basis
$0
Appreciated Value
$0
Net Cost to Donor
$0
This calculator provides estimates for educational purposes only and does not constitute tax, legal, or financial advice. Ordinary income tax brackets reflect 2026 IRS figures (Rev. Proc. 2025-32); long-term capital gains brackets reflect 2025 IRS Topic 409 thresholds. Assumes all stock held
more than one year
(long-term). Results do not account for the AMT, the 30%-of-AGI deduction limit for appreciated stock gifts, Illinois Gives credit availability (first-come, first-served until the $5M statewide annual cap is reached), or other individual circumstances. Consult a certified tax professional before making gifting decisions.
Ready to give? Contact Scott Witzig at MCF — 309-291-0434
Ready to give? Contact Scott Witzig at MCF — 309-291-0434