Often a gift of appreciated stock offers tax benefits to the donor. Not only can the donor take a charitable deduction for the current full, fair-market value of the stock, capital gains tax can also be avoided on the appreciation.
Viewed another way, you may be able to give more than you thought possible when the tax ramifications are considered. The benefit to St. Luke’s School is the same whether you give cash or stock but the tax savings to yield is likely to be greater if you give appreciated stock.
For tax purposes, the gift is valued at the average of the high and low price on the day the shares are delivered or transferred to St Luke’s School. When making a gift of securities, please contact the Development Office to let us know of your gift intention. This will ensure that your gift is transferred and credited correctly. It is very important that your broker include your name when sending a stock gift electronically.
Please contact Erica Pettis for information on making a stock gift.
