Giving to Emma Willard
Securities
Take Stock In Emma Willard School
ver
the past ten years, there has been significant growth in the value
of stocks. By giving appreciated, long-term stock directly to Emma Willard
School instead of giving cash, you avoid paying any capital gain taxes on
the increase in value of your stock and you receive a tax deduction for the
full fair market value of the stock on the day of your gift.*
For example, if you bought stock many years ago for $500, and it is has grown in value to $5,000, a gift of that stock to Emma Willard School would provide a charitable deduction of $5,000, and you would avoid paying capital gain taxes on the $4,500 of appreciation that you would pay if you were to sell the stock. The cost to you of a gift of appreciated, long-term stock can be less than the cost of a gift of cash.
Illustration of a Gift of Stock Value of Stock $1,000
Original Cost $250
Capital Gain if Sold $750
Capital Gain Tax Saving $150
If Given Rather than Sold (20%)
Income Tax Savings $360
(Assuming 36% Federal Income Tax Bracket)Total Tax Savings from Gift $510
Cost of $1,000 Stock Gift $490
Cost of $1,000 Cash Gift $640
* Subject to certain limitations. Information presented here is a general guideline. Emma Willard School recognizes that individual circumstances differ. We encourage donors to seek advice from their own legal and financial advisors.
Transferring Stock Electronically
Step 1
Donors are asked to contact the Development Office (tel. (518) 833-1780) with the number of shares and the name of the stock they plan to transfer. By providing this information before the transfer occurs, the school can link the stock to the appropriate donor when the stock is received in the school’s account, ensuring that the donor receives credit and an accurate, prompt receipt for the gift. It is imperative that the school is contacted before the stock is transferred.
Step 2
Donors are asked to contact their brokers and request that the stock be electronically transferred to the school’s account at Wachovia Securities.
• The DTC number for electronic transfer is 141.
• The account number is 3081-5956.
• The EWS Tax ID number is 14-1338390. If the broker has any questions, the broker may contact Beverly Luft, Wachovia Securities, (518) 581-5005. Ms. Luft will notify the school when the gift is received, and the school will issue a receipt to the donor for the mean value of the stock on the day it was received in our account.
