Union College

Gift Planning

www.union.plannedgifts.org

Gifts of Appreciated Securities and Other Assets

Smart gift planning combines charitable intent with cost-efficient planning techniques. Of critical importance is the kind of asset used to fund the gift. Usually, long-term appreciated property can generate the most favorable tax benefits. Reason: Gifts of such property provide a double benefit—a charitable deduction, in most cases, for the full fair-market value of the property—plus avoidance of any potential capital-gain tax.

The chart below illustrates the additional tax savings from a gift of appreciated assets.

    Cash Appreciated Property
A. Fair-Market Value 10,000 10,000
B. Cost Basis 10,000 4,000
C. Capital Gain 0 6,000
D. Capital-Gain Tax (15%) 0 900
E. Charitable Deduction 10,000 10,000
F. Actual Tax Savings (28%) 2,800 2,800
G. Total Tax Savings (D+F) 2,800 3,700

 

How To Make a Gift of Securities

The best way to give securities is to call Debbie Stalker in Union’s Gift Planning Office at 1-518-388-6126. She’ll work with you and your broker to ensure a smooth transfer. Here is some of the information that you may need:

Union College Tax ID# 14-1338580

Citigroup
DTC # 0418
Trustees of Union College: 370-74497-10-125
Christine Porter
Smith Barney
360 Linden Oaks, Suite 100
Rochester, NY 14625
(585)-389-2282

A great way to avoid capital gains!

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