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Stocks, Bonds or Mutual Fund Shares Millions of people own stock, bonds and/or mutual fund shares. The best securities to consider as a charitable gift are those that have highly appreciated in value since you first acquired them. For example, Jim has a stock account with a well-known brokerage company. One of his stocks has grown from $15 a share to $75 a share over the past few years. If he asked his broker to sell the stock he would owe tax on the $60 of appreciation for each share that was sold. However, if Jim gave the stock directly to Temple, he would avoid this tax on the appreciation and receive, instead, an income tax deduction on the full value of the stock. What's more, because Temple is a qualified charitable organization, it could sell the stock and avoid any tax on the appreciation. A win for Jim and a win for Temple. Let's say Jim decides to give 100 shares of this stock to Temple (and designate it to whatever he wished). In making the gift, he would obtain a charitable income tax deduction of $7,500, even though he only paid $1,500 for these shares originally. If he happens to be in the 31 percent tax bracket and claims the deduction on his itemized tax return, he could save $2,325 in taxes -- more than he paid for the stock in the first place! Many thoughtful donors review their securities portfolio and select those which have appreciated the most and have been held for more than a year. These donors give securities instead of cash because they have discovered the value and enjoyment of stretching their giving power by giving the appreciation. And, after all, the more they can prudently give to help the worthy efforts of Temple, the better they feel. Have you ever considered making a gift from your securities portfolio? It is important that you arrange for a direct transfer of your securities to Temple and not sell (or instruct your broker to sell) the securities first. To assure a smooth transfer, contact Jerry Rohrbach, Director of Planned Giving, at 215-204-5741 or 800-822-6957 or e-mail jerry.rohrbach@temple.edu, and he will be happy to give you specific instructions.
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| Temple University, 1938 Liacouras
Walk, Philadelphia, PA 19122 USA, 215-204-1001. For web-related questions or comments e-mail: gifts@blue.temple.edu Copyright 2000, Temple University. All rights reserved. |