WAYS TO GIVE
You can often realize tremendous tax benefits by giving gifts of stocks and bonds.
A Gift of Appreciated Stock
Marjorie T. plans to make a donation to SPU's new Chapel/Performance Arts Hall in memory of her late husband, Tom. She knows how important Seattle Pacific was to him, especially some of the professors who encouraged Tom and got him started in a career.
To fund the gift, Marjorie would like to sell some stock that is now worth $10,000. Marjorie bought the stock for just $500 in 1956.
Before selling, Marjorie wisely decides to check with one of the gift planning officers at SPU. "If you sell the stock yourself," she is told, "you'll pay a hefty tax on the amount of growth the stock achieved since 1956. With the 75% tax on long-term capital gains, you would pay a tax of $1,425 on the $9,500 capital gain, leaving you with just $8,575 to give to the chapel fund. However, if you donate the stock directly to SPU, there's no capital gains tax and all the money will go toward the chapel. Plus, in your 28% tax bracket you'll save a total of $2,800 on your taxes because of the charitable deduction. With those savings, a $10,000 gift ends up costing you only $7,200".
Securities gifts can be made using the printable securities transfer form below. Send the form to your broker and contact Sheila Williams at 206-281-2063, or email her. Be sure to tell us where you wish your gift to be directed. If the stock certificates are in your possession, sign them over to Seattle Pacific University on the back and mail them to:
Advancement Services
Seattle Pacific University
3307 Third Ave. West
Seattle, WA 98119
Attn: Mrs. Sheila Williams
Date: _____________________________ To: ______________________________ _________________________________ _________________________________
____________________________________________________
DTC Clearing Account # SPU Acccont # Signatures of holder of securities: ________________________________________ ________________________________________ Gift Designation: Our brokerage firm is Morgan Stanley Dean Witter, office (206) 464-4000
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For questions regarding giving securities please email or call Advancement Services at
(206) 281-2063.
Explore All The Giving Options |