The Gift of Stock: A Win-Win Situation

John Lippincott '63 and Jean Lippincott

How can giving to Ohio Wesleyan University be a win-win situation for you and your alma mater?

John Lippincott '63 finds gifts of stock to be a mutually beneficial method of supporting Ohio Wesleyan. "It is both an easy and effective way to give money to Ohio Wesleyan," says John, a retired V.P. of investments for Liberty Mutual Group.

Gifts of common stock entitle John to a tax deduction for the stock's current market value. The best stocks to donate are those that have the lowest initial cost compared to their current market value.

"By giving these securities to the University, I am able to avoid paying federal, long-term capital gains tax," he explains, adding that he could contribute any public security as well as mutual funds and obtain the same overall effects. Prospective stock donors should also consider holding onto appreciated stocks for more than one year in order to be able to deduct the full market value.

Helping Future Students as Well
By including the University in his will, John has also been welcomed as a member of Ohio Wesleyan's Tower Society. Ohio Wesleyan will receive a percentage of his estate rather than a specific dollar amount, to allow for appreciation or depreciation of the estate's value in the future.

Contact Office of Gift Planning at (740) 368-3078 or giftplanning@owu.edu to discuss your options for making a tax-wise donation of stock or a simple gift in your will.

Contact Info

Location

University Advancement Office
Mowry Alumni Center
61 S. Sandusky Street
Delaware, OH 43015
P 740-368-3078
F 740-368-3328
E giftplanning@owu.edu

DIRECTOR INFO

Jenny Batchelder, JD
Director of Gift Planning
P  740-368-3043
F  740-368-3328
E  jajoerge@owu.edu