Donating
Appreciated Assets
When you give Western States Center a gift of stock
that you have held for 18 months and that has increased
in value, you:
- claim a charitable gift deduction on your current
year taxes
- don't pay capital gains taxes you would owe if you
sold it yourself
- don't pay broker fees on the sale
To receive the full tax benefit, it is very important
that you donate your appreciated stock directly to Western
States Center.
Here's an example:
Two years ago you purchased 200 shares of Widgets-R-Us
Co. at $10 per share. If you were to sell that stock today
for $60 per share, you would pay a 20% capital gains tax,
$1,800.
If you sell the stock yourself and donate
the proceeds to Western States Center:
$12,000 Value of stock
$(1,800) Your capital gains tax
$ 10,200 Your tax deductible charitable contribution
$10,200 Amount remaining to donate to Western States
Center
If you donate the stock to Western States
Center and let us sell it:
$12,000 Value of stock
$0 Your capital gains tax
$12,000 Your tax deductible charitable contribution
$12,000 Amount remaining to donate to Western States Center
When you sell the stock, you have $1,800 less to donate
and your charitable contribution deduct is smaller by
that amount.
You can deduct gifts of appreciated securities which
have been held for more than 18 months on the date of
transfer to Western States Center. We recommend that you
consult with your financial advisor to discuss what form
of giving is best for you.
Giving Stock is Easy
With electronic transfers, you merely have to call your
broker and provide the following information.
Your broker will need the following information:
DTC: Dain Rauscher, Inc.
DTC #0235
FBO Western States Center Inc. #1101 8451-7220
You can contact our broker directly:
Todd Frey
Dain Rauscher
(503)295-5886
wtfrey@dainrauscher.com
For our records, we require the following information.
Please have your broker mail or fax us a letter stating:
Date of gift
Number of shares & name of stock
Value of stock on date of gift
Name of Donor (please provide your address if it has changed)
You can also
download this form and mail or fax it to us.
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