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Gifts of Appreciated Securities: Stocks, Bonds, Mutual Funds, 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 |
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Stock Transfers
Should you wish to transfer stock by electronic transfer to fund your gift to the Indianapolis Zoo, you or your financial advisor may contact our broker:
City Securities
c/o First Clearing, LLC
10700 Wheat First Drive
Glen Allen, VA 23060
DTC # : 0141
Indianapolis Zoological Society
Account Number: 62932174
Contact Name: Lesley A. Haas, CFP
Contact Number: 317-808-7146
Indianapolis Zoological Society’s Tax ID: 35-1074747
If you are in possession of your stock certificates, or if you simply want more information about using securities to support the Zoo and Gardens, please contact:
Ed Sandifer
Planned and Major Gifts Officer
(317) 630-2709
esandifer@indyzoo.com
Thank you for your generosity. Your support helps us connect animals, plants, and people.
Please note: Because the federal estate tax has been repealed for 2010, there is no current estate tax in 2010 for the gifts described on this page. However, the consensus opinion among professionals is that Congress will enact an estate-tax law that may be retroactive to January 1, 2010. It is very important that you seek the advice of your estate-planning attorney to determine what changes, if any, need to be made to your existing estate plans, and then again if Congress reinstates the estate tax sometime later this year.
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