If you want to help Maryville today, receive a charitable income tax deduction and avoid paying capital gains taxes, you may want to consider making a stock gift to support the work of Maryville.
How It Works
How It Works
1. You transfer stock to Maryville.
2. Maryville sells the stock and uses your gift for the charitable purposes that you designate.
3. You receive a charitable income tax deduction.
How You Benefit
When you make a stock gift to Maryville, you can deduct the full amount of your gift up to 30% of your adjusted gross income. You can also deduct the excess deduction amount over the next five tax years.
You will also enjoy the added tax benefit of avoiding capital gains taxes. (Because Maryville is tax exempt, we won’t pay capital gains taxes when we sell the stock).
Example
Gift of Stock to Maryville $10,000
Charitable Deduction @ 35% tax rate $ 3,500
Capital Gains Taxes Paid $ 0
Net Cost of Gift to Donor $ 4,500
How To Value Your Stock Gift
In addition to avoiding the capital gains tax, a charitable gift of securities held for more than one year may entitle the donor to an income tax deduction equal to the value of the security at the time it is given to Maryville. However, determining the value of the gift to Maryville when the gift is made with securities is not as simple as it would be if the gift were made with cash. The Internal Revenue Service regulations state that the value of the gift for income tax purposes is determined on the date the gift is completed and is equal to the mean of the high and low of the values traded on that date.
Is This Gift Right For You?
If you are interested in making an immediate gift to Maryville while enjoying tax benefits, a stock gift may be right for you. Stock gifts are relatively easy to make. Not only are stock gifts easy to make – they are easy for Maryville to begin using – so you will enjoy the added benefit of seeing your gift being put to work immediately.
Your employer may match your gift. Click on Matching Gift Programs to find out more.
How to Make a Stock Gift
Maryville will work with you to complete your stock gift. Before you initiate your gift, please contact us to ensure that your gift is properly received and is directed to the proper account.
The instructions for making a gift via stock vary depending upon how you hold the stock.
For more information on making a current or planned gift to Maryville, please contact us:
847.294.1982