Gift of Stock
Based on the recent growth of the stock market, you may want to consider a gift of appreciated stock that you have owned for more than one year. If you continue to itemize your deductions, you can claim an income tax charitable deduction for the stock's current value, plus, you would avoid paying tax on the capital gain. (Please compare the examples in the table below.)
| Donate $10,000 in appreciated stock ($2,000 cost basis) | Donate $10,000 cash | First sell appreciated stock and then donate cash | |
|---|---|---|---|
| Charitable deduction | $10,000 | $10,000 | $10,000 |
| Ordinary income tax saving (32% bracket) | $3,200 | $3,200 | $3,200 |
| Capital gains tax (20% on $8,000 gain) | $1,600 saved | N/A | $1,600 paid |
| Total tax savings | $4,800 | $3,200 | $1,600 |
Even if you can no longer itemize your deductions, donating appreciated stock can still be a good idea, as you would avoid the capital gains tax that would be due if you sold the stock.
In order for your gift of stock to be properly credited, you (not your broker) need to contact the USM Advancement Office and provide the following information:
- the name and firm of your broker
- the company and the number of shares you are donating
- for what purpose you are designating your gift (USM Fund, pledge payment, specific program use, etc.)
Information for Your Broker
| USM's Broker | Robert W. Baird 777 E. Wisconsin Ave. Milwaukee, WI 53202 |
| USM's Contact at Baird | Jaime Johnson 414.765.3923 800.792.2473 ext. 3923 jljohnson@rwbaird.com |
| Contributions to USM (all non-Endowment gifts) |
DTC#: 0547 Account#: 8511-9151 |
| Contributions to USM's Endowment Fund |
DTC#: 0547 Account#: 8511-6251 |
| If needed, USM's Tax ID # | 39-6076442 |
For More Information
Please contact Marlene Connor in USM's Advancement Office at 414.540.3336 or mconnor@usmk12.org.
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