If you have appreciated stocks, bonds, or mutual fund shares you have owned for more than one year, donating them to Gettysburg College can be a more affordable way to make your most generous gift. Your charitable deduction is based on the full market value of the shares on the date donated, and, with an outright gift, you pay no tax on the capital gain.
Here is an example of how donating appreciated securities can help leverage your support, based on a donor in the 28% tax bracket and a capital gains rate of 15%:
|$10,000 Cash||$10,000 Stock
Cost Basis $5,000
Cost Basis $10,000
|Tax Savings @ 28%||$2,800||$2,800||$5,600|
|Capital Gains Tax Saved||$0||$750||$1,500|
|Net Cost of Gift||$7,200||$6,450||$12,900|
Imagined another way,
To make outright gifts of publicly traded stock, please follow these steps:
c/o Dale Beshore ’10
214 Senate Avenue, 7th Floor
Camp Hill, PA 17011
Account Number: 341-034801-158
Deposit Trust Company: #0015
c/o David Haight
14 Exchange Place
Jersey City, NJ 07302
Account Number: 82B02229
Deposit Trust Company: #8862
c/o Ryan Claar
22A North 2nd Street
Harrisburg, PA 17101
Account Number: HG36421756
Deposit Trust Company: #0164
If you wish to contribute mutual fund shares, private stock, or other appreciated securities, please contact Emily Clarke, Manager of Planned Giving, at 800-238-5528 / 717-337-6478 / firstname.lastname@example.org.
To establish a life-income gift
Appreciated securities can also fund a gift that pays you or others income, such as a charitable gift annuity or a charitable remainder unitrust.
Securities donated to fund charitable gift annuities and charitable remainder trusts should be sent directly to the administrator of our life-income gift program. For instructions, please contact Emily Clarke, Manager of Planned Giving, at 800-238-5528 / 717-337-6478 / email@example.com.