Using appreciated stock or mutual funds is a particularly smart way to make an outright gift to SCA. You will get an income tax deduction for the full value of appreciated securities you have owned more than one year. You will also completely avoid immediate capital gains tax. Cumulative gifts of appreciated assets such as securities and real estate to charity are deductible up to 30% of your adjusted gross income, with a five-year carry-over for any excess.
Publicly traded securities can also be used to fund a life income arrangement such as a charitable gift annuity or charitable remainder trust. This can enhance your income for life. If you don’t need income immediately, your gift can be structured to enhance your future retirement income. Either way, such a gift can provide significant income tax and capital gains tax savings.
If you are about to sell a privately held C Corporation, you can also donate part or all of your stock to a charitable remainder trust before the sale. You will avoid immediate capital gains tax on the portion donated and enhance your income for life. You will also get an income tax deduction for part of the value.
Stock held in electronic form can normally be transferred electronically. For Annual Fund contributions, please instruct your broker to transfer the shares to SCA via First Clearing DTC #0141 using SCA’s Wells Fargo (formerly Wachovia formerly A.G. Edwards) account #5961-7769. Stocks held in certificate form require special handling. If you are using stock to establish a charitable gift annuity, please contact Hugh Montgomery at SCA for a different set of transfer instructions. Please notify Hugh before you initiate any stock transfer so we can ensure a smooth process and proper acknowledgement of your contribution. SCA's Federal Tax Identification # is 91-0880684.
Gifts of securities and mutual fund shares may take several weeks or more to process. Please be sure to allow adequate time to complete the transaction, especially in December as the end of the tax year approaches.
For further information, please contact Hugh Montgomery, Director of Gift Planning, 603.543.1700 ext 1151, or e-mail email@example.com