Stock Gift Tax Savings Calculator — Morton Community Foundation

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.

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 Only

Include the Illinois Gives Tax Credit — a 25% Illinois state income tax credit for gifts to a qualified permanent endowment fund at Morton Community Foundation Optional

How it works: Illinois taxpayers who contribute to a qualified permanent endowment fund at an approved Qualified Community Foundation (like MCF) receive a 25% Illinois state tax credit — a direct reduction of taxes owed, not just a deduction.

Key limits (per IDOR):
• Credit = 25% of contribution (e.g., $10,000 gift = $2,500 credit)
• Maximum credit: $100,000 per taxpayer per year (on a $400,000 contribution)
• Joint filers: up to $200,000 combined if each spouse contributes separately
• Statewide cap: $5 million/year in total credits, awarded first-come, first-served starting January 1
• Unused credit carries forward up to 5 tax years
• Requires advance approval & a Contribution Authorization Certificate (CAC) via MyTax Illinois

Also applies to Qualified Charitable Distributions (QCDs) from an IRA when the CAC is issued in the IRA account holder's name. Consult your tax advisor to confirm eligibility.

Your Estimated Illinois Gives Tax Credit

Donation amount (FMV) —

× 25% Illinois Gives credit rate 25%

= Your IL tax credit —

Effective net cost to you after credit —

Total tax savings vs. selling & donating cash

% of Donation

0.0%

% of Investment

0.0%

Illinois Gives Tax Credit (25%)

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

Charitable Tax Deduction

—

Illinois Gives Credit

25% direct tax credit

Donation Details

$ Fair Market Value

$ Cost Basis

↗ Appreciated Value

→ Net Cost to Donor

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 — 309-696-1919

Stock Gift Tax Savings Calculator

Community Connections: