The Gift of Stock: A Win-Win Situation
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 email@example.com to discuss your options for making a tax-wise donation of stock or a simple gift in your will.
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results. Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.