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Planned
Giving
Gifts
of Appreciated Securities
 (or
other assets)
 The
gift of an asset, often common stock or mutual fund shares,
is a valuable way to make a contribution to a charitable
organization and receive tax benefits based on the value
of the asset(s). For example, suppose Richard and Terri
in this example had 300 shares of XYZ Corporation that they
had purchased at $15.00 a share some years ago. The current
value in today's market is $36 a share. If they sold the
stock in the market, they would have a taxable, long-term
capital gain on the difference between their cost and what
they would receive from the sale ($36 minus $15 = $21 capital
gain per share. 300 shares X $21.00 = $6,300 in capital
gains). 
They
could sell the stock, pay the tax on the capital gain, and
either keep or donate the proceeds. If, instead of selling
the stock, Richard and Terri gave the 300 shares to their
charity, they would not incur any capital gains and would
be able to deduct the current value (300 shares X $36 =
$10,800) as a charitable gift. By donating the stock, the
charity receives more than it would receive if Richard and
Terri first sold the stock and then donated the proceeds
after deducting the capital gain taxes. Also, Richard and
Terri receive a greater tax deduction by giving the stock
directly to the charity and avoiding the capital gain tax.
While
the gift of appreciated assets often involves stock, other
marketable assets, such as land, antiques, and homes, can
be utilized as potential gifts with the possibility of valuable
tax benefits. However, these other assets are reviewed on
a case-by-case basis. For more information about gifts of
appreciated assets, please contact us so that we can respond
to your specific needs.
Return
to Ways to Give or to Wills
and Bequests.
Please
note, individual financial circumstances will vary. The
information on this site does not constitute legal or tax
advice. Donor stories and photographs are for purposes of
illustration only. As with all tax and estate planning,
please consult your attorney or estate specialist. All material
is copyrighted and is for viewing purposes only. Use of
this site signifies your agreement with the terms
of use. The content in this Planned Giving section has
been developed for Sisters of Notre Dame de Namur, Ohio
Province by Future
Focus. Please report any problems to section
webmaster. Revised: February 7, 2007 11:31.
©1999-2006,
Sisters of Notre Dame de Namur, Ohio Province 701 East Columbia
Avenue, Cincinnati, OH 45215-3999 513-761-7636 | 513-761-6159
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Weaver. This page was updated: February 7, 2007 11:31
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