Gifts of Appreciated Securities

Forests-Asian_small-clawed_otters_sml.jpgSmart 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


*For certain high-income taxpayers (singles above $200,000 and marrieds above $250,000) additional savings may be realized by the avoidance of the 3.8% health care surtax on investment income.

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: Dominic Paicely
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.

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