Smart gift planning combines charitable intent with cost-efficient planning techniques. Of critical importance is the kind of asset used to fund the gift. Usually, long-term appreciated property can generate the most favorable tax benefits. Reason: Gifts of such property provide a double benefit—a charitable deduction, in most cases, for the full fair-market value of the property—plus avoidance of any potential capital-gain tax.
The chart below illustrates the additional tax savings from a gift of appreciated assets.
|
|
|
Cash |
Appreciated Property |
|
A. |
Fair-Market Value |
$10,000 |
$10,000 |
|
B. |
Cost Basis |
10,000 |
4,000 |
|
C. |
Capital Gain |
0 |
6,000 |
|
D. |
Capital-Gain Tax (15%) |
0 |
900 |
|
E. |
Charitable Deduction |
10,000 |
10,000 |
|
F. |
Actual Tax Savings (24%) |
2,400 |
2,400 |
|
G. |
Total Tax Savings (D+F) |
2,400 |
3,300 |
Dear friend,
Should you wish to transfer stock or cash by electronic transfer to fund your gift to the Indianapolis Zoo, you or your financial advisor may contact our broker:
Stifel, Nicolaus & Company, Incorporated
30 S. Meridian Street, Suite 600
Indianapolis, IN 46204
DTC number: 0793
Indianapolis Zoological Society
Account Number: 24283649
Contact Name: Evan Griffin
Contact Phone: (317) 808-7146
Contact E-mail: egriffin@stifel.com
Indianapolis Zoological Society’s Tax ID: 35-1074747
If you are in possession of your stock certificates or if you simply want more information about using securities to support the Zoo and Gardens, please contact:
Ed Sandifer
Planned and Major Gifts Officer
(317) 630-2709
esandifer@indyzoo.com
Thank you for your generosity. Your support helps us connect animals, plants, and people.
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Ed Sandifer |
Indianapolis Zoo |
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