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Gifts of Stock Now Can Reap Tax Benefits
Recent rallies in the stock market are making gifts of securities more attractive to donors as they seek to maximize tax-benefits for 2009 while also making a significant gift to help the children of St. Jude.
Many securities have appreciated and are worth much more than they were just a few months ago. Some donors who bought stock last fall when prices were falling may find they can benefit from a deduction that includes increases since that time.
Only gifts completed between now and the end of the year can help reduce the after-tax cost of such gifts for the 2009 year.
Valuable benefits available in making a gift of appreciated stock to St. Jude include avoiding capital gains tax on the appreciated value of the stock. The amount of charitable income tax deduction is equal to the full fair market value of the stock upon transfer.
Making a gift of stock is easy to do by following two simple steps:
- Provide your broker or financial advisor with the following wiring instructions: DTC ID #0226 for further credit to St. Jude Children’s Research Hospital Account #003-314773 at First Tennessee Brokerage.
- Call us at 1-800-877-5833 ext. 2413 or e-mail us at giftsofstock@stjude.org at the time you make the transfer so we can properly acknowledge your gift for tax purposes.
Patient Spotlight
McKaylee was found to suffer from anaplastic astrocytoma in June 2008.
McKaylee was a fussy baby. At first, her doctor thought she had acid reflux. But nothing seemed to bring the baby relief. Then, when McKaylee was just 7 months old, a CT scan showed she had fluid on the brain. Her parents were relieved because this condition could explain McKaylee’s fussiness. Doctors scheduled a surgery to insert a shunt that would drain the fluid and relieve the pressure McKaylee felt.
Donor Spotlight In his work, Paul Sobolik helped put Americans on the moon. In his retirement, he helps save children here on earth.
His Priority is Helping Children
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