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Assume you purchased 100 shares of XYZ Corporation in 1993 for $2,000. Today, the shares are worth $10,000. If you sell the stock, you will realize an $8,000 capital gain. Suppose you are considering using your appreciated stock or cash for an outright gift to The Family Conservancy's Endowment. Here is the comparision: Potential Benefits of Stock Gift*
| Donate Stock
| Donate Cash
| Gift Value
| $10,000
| $10,000 | Capital Gains Tax Savings on $8,000 gain
(assumes 20% tax rate and
6% Missouri tax rate) | ($2,080) | 0
| Ordinary Income Tax Savings
(assumed 31% rate) | ($3,100) | ($3,100)
| | Gift cost to you | $4,828
| $6,900
| *Example is for illustration only.You should consult with your financial or tax advisor. Contact your broker and request a transfer of securities to The Family Conservancy. The Family Conservancy can work with most of the brokerage firms in metropolitan Kansas City. Please call us at 913.742.4148 for more information. Please confirm in writing with The Family Conservancy all instructions to your broker or bank so that we may properly acknowledge your gift. Send information to: Rochelle Parker at The Family Conservancy, 444 Minnesota Avenue, Suite 200, Kansas City, KS 66101 or fax 913.342.3632. For more information, contact Rochelle Parker at 913-742-4144.
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Last Updated ( Thursday, 09 December 2010 )
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