Double the Benefits

Gifts of appreciated securities have the double benefit of providing an immediate tax deduction for the full market value of the stocks as well as avoiding capital gains taxes. For income tax purposes the value of such a gift may be deducted up to 30% of adjusted gross income (AGI), with an additional five-year carry over rule.

Example: Assume that you purchased 100 shares of ABC Corporation in 1982 at a cost of $2,000. Today the shares are worth $10,000 and pay less than 2% annual dividends. If you sold the stock, you would realize an $8,000 capital gain.

Because you have held the securities for more than 12 months, you would owe as much as $1,600 (20%) in federal capital gains tax on the sale. More could be due in state taxes as well, depending on where you live.

If you gifted that stock to a charitable institution such as Champlain College, you would completely avoid capital gains tax, you could save $3,960 in ordinary income tax, resulting in a total tax savings of $5,560. That would be 40% greater savings than if you made that same $10,000 gift in cash

Go To Donor Profile

Thank you for caring about the future of Champlain College.
If you have any questions, or would like additional information about how to include Champlain in your estate plans, please contact Susan Moses at PlannedGiving@champlain.edu, or call the telephone listed below:

Champlain College
163 South Willard Street
P.O. Box 670
Burlington, VT 05401-0670
Phone: 1-866-421-7170 (toll free) / 802-865-5428 (local)
Fax: (802) 860-2787