GIFT OF STOCK

Note: The information provided here is general in nature. We recommend that you check with your accountant, stock broker, or other tax advisor for how this general information might apply to your particular situation.

Have you considered giving a gift of stock / securities to Delaware Pacem in Terris?

The tax savings on gifts of appreciated stocks/securities is achieved in two ways: first, you pay no capital gains tax upon the transfer of stock to Delaware Pacem in Terris. Second, you receive a charitable deduction for the full market value of the stock on the date of the gift (assuming you’ve held the stock for more than one year).

Example: David Jones purchased stock years ago for $3,000. Today, that stock is worth $10,000. If David contributes this stock to Delaware Pacem in Terris, he receives a charitable tax deduction worth $10,000. He pays no tax on the $7,000 of appreciation, and Pacem in Terris will receive $10,000.

How are tax deductions for charitable contributions determined?

For stock traded on the stock exchange, the charitable contribution is determined by using the average between the high and the low on the date of the gift. For over-the-counter stock, use the average between the closing bid and asked prices on the date of the gift.

 How do I make a gift of stock?

Please call the Delaware Pacem in Terris office at 302-656-2721 and we will tell you how you and your broker can transfer stock directly to our account at Wilmington Brokerage Services in Wilmington, DE. After the transfer has taken place, we will send you an in-kind contribution receipt for the value of the shares, using the average between the closing bid and asked prices on the date of the gift.

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