Growing Stock, Growing Generosity How a Gift of Stock Can Be a Win-Win
If you own stock that’s increased in value since you purchased it (and if you’ve owned it for at least one year), you have a unique opportunity for philanthropy. When you donate securities to the Sisters of Notre Dame, you receive the same income tax savings (if you itemize) that you would have if you wrote us a check, but with the added benefit of eliminating capital gains taxes on the transfer, which can be as high as 20 percent.
during your lifetime, a gift of securities through your will or living trust allows you the flexibility to change your mind at any time. You can continue to receive dividends and participate in shareholder votes, and the securities are still yours if you need them for other expenses.
Making a gift of securities to support SND ministries is as easy as instructing your broker to transfer the shares or, if you have the physical securities, hand-delivering or mailing the certificates along with a stock power to us in separate envelopes. (Tip: Using separate envelopes protects your gift – the certificates will not be negotiable without the stock power.)
Benefits:
Using assets other than cash also allows you more flexibility when planning your gift, and there are even more potential benefits if you plan your gift creatively. For example, if you aren’t ready to give up these assets
Through creative gift planning, you can secure your own financial future and help support the ministries of the Sisters of Notre Dame.
• Receive an income tax deduction for gifts of securities if you itemize. • Provide relief from capital gains tax with gifts of securities. • Help support the Sisters of Notre Dame with your contribution
Please contact your local SND Mission Advancement Office for more information on how to donate stock to SND, or visit our website at sndusa.org/donate.
COVINGTON, KY: JODEE MCELFRESH | jmcelfresh@sndusa.org
TOLEDO, OH: KERRI ROSE-ROCHELLE | krochelle@sndusa.org
THOUSAND OAKS, CA: SISTER LISA MEGAFFIN | lmegaffin@sndusa.org
CHARDON, OH: CARRIE HIGGINBOTHAM | chigginbotham@sndusa.org
California residents: Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. Oklahoma residents: A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. South Dakota residents: Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance. The information in this publication is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results. Winter 2022
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