Your gift of appreciated securities to Cancer Support Community Greater St. Louis is an easy and prudent way to gain substantial tax benefits. Most gifts of appreciated securities that you have held long tern (more than one year) are fully deductible at current fair market value, and you do not incur a tax on unrealized capital gain.
As the chart below illustrates, a direct donation of stock to Cancer Support Community of Greater St. Louis is the most cost-effective method when compared with a gift of cash or the sale of securities followed by a gift of the proceeds.
|Give $10,000 Cash||Sell $10,000in Securities and Give Cash||Give $10,000 in Securities Directly|
|Fair market value of gift||$10,000 cash||$10,000 sale proceeds||$10,000 in stock|
|Cost basis||$10,000 cash||$10,000 in stock||$10,000 in stock|
|Capital gain||$0||$8,000 from sale||$8,000 avoided|
|Federal Capital gains tax||$0||($1,200) due to IRS||$1,200 avoided|
|Income tax savings||$4,000||$4,000||$4,000|
|Total tax savings||$4,000||$2,800||$5,200|
*Above illustration assumes a 15 percent capital gains tax and a 40 percent combined federal and state income tax bracket.
Consider a gift of appreciated securities whenever you prefer not to incur capital gains tax, such as in these circumstances:
UBS Financial Services
1 N. Brentwood Blvd., Suite 1400
St. Louis, MO 63105
Marty Oberman (assistant Vicky)
DTC account #: 0221
Account Name: Cancer Support Community of Greater St. Louis
Account #: MR07319
For inquiries or to notify Cancer Support Community of a transfer, please contact Tricia Hendricks, Development Director, at 314-238-2000 extension, 226, or email@example.com.