Gifts of Stock
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Gifts of Stock and Appreciated Securities
There are many ways to make a contribution to the Olympic Club Foundation, but one of the least expensive to the donor and most beneficial to the Foundation may be a gift of appreciated securities. The details may seem complicated, but simply described, this method takes advantage of tax rules that allow a donor to deduct from current income the full current value of donated securities.
If you bought securities many years ago, you may have a very low cost basis that would require the payment of significant capital gain taxes if you sold them. By donating these securities to the Olympic Club Foundation you might be able to give even more than you thought possible. For example, an out of pocket cost for the original investment of only $3,000 might enable you to give the Foundation stocks with a value of $11,000. As the donor, you are able to avoid paying capital gains tax on an appreciated security, and you receive a charitable deduction for the full fair market value of the stock when the gift is made, so long as you have held the stock for more than one year.
There is no Federal Alternative Minimum tax impact arising from gifts of appreciated securities. The stock must be saleable by the Olympic Club Foundation, but eligibility under Rule 144 is enough.
We understand that every person's tax situation is different. Your tax advisor can tell you how the actual numbers would work out in your case. However, the advantages are clear. Giving appreciated securities to the Olympic Club Foundation provides full benefit to the Foundation while reducing the after-tax cost of the gift to the donor. The donation of land, improved or unimproved, works in the same way.
Donate By Phone:
Call 415-345-5230
Donate By Mail:
The Olympic Club Foundation
PO Box 280608
San Francisco, CA 94128
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