Getting
Started: Gifts of Securities
A stock portfolio is often among the most valuable assets you own,
and one that carries substantial capital gain—appreciation in
value. The downside to assets that have increased in value over the
years is that the federal government is prepared to levy taxes of
up to 15 percent on your capital gain from securities.
A Sure
Way to Avoid Capital Gains Tax
If you sell long-term appreciated assets, your gains are subject to
the capital gains tax. Of course, you can always leave appreciated
assets to your heirs, knowing that your pre-death gains won't be
exposed to capital gains tax.
When
to Donate Items That You Value Most
When deciding what charitable gift to make, consider the type of
property you own. While your home may be the biggest investment,
many people also own other types of assets: publicly traded stocks
and bonds, commercial business holdings, undeveloped property,
farmland, vacation homes and tangible personal property (such as
artwork, jewelry or antique furniture).
Tax
Benefits of Giving Appreciated Property
No matter how tax legislation affects capital gains tax, it
continues to be a factor in financial planning. For those with
charitable interests, making gifts with long-term appreciated
property instead of cash should always be considered.
The
Rewards of Making Charitable Gifts
Many people are surprised to learn that the gifts they make to
charitable organizations, such as St. John's University, can also
bring personal financial benefits.
For additional information on gift planning, contact Susan
Damiani, Director of Gift Planning, at (718) 990-7562 or e-mail damianis@stjohns.edu