Direct Gift of Appreciated Stock

Benefits:

• You avoid all the capital gains tax you would have paid had you sold the stock.
• You receive an income tax deduction for the full market value of your gift on the day you transferred it to Canterbury School
• You make a gift to Canterbury at an out-of-pocket cost significantly lower than the value of the gift.

How this works:

1. You transfer stock or shares into a mutual fund to Canterbury School. 
2. We will send you an acknowledgment and a receipt for your gift, based on the value of the shares on the date you transferred them.
3. You receive an income tax deduction for the full market value of your shares and avoid all the capital gains tax that you would have owed had you sold them.

TWO IMPORTANT THINGS TO REMEMBER ABOUT GIFTS OF STOCK:

1. If the stock is worth more than you paid for it, be sure to transfer the stock to us first.
2. If the stock has gone down since you bought it, sell it first to generate a tax-deductible loss, and then make a gift of cash. 

If you would like to learn more about these kinds of gifts of if you would like to see a confidential example designed specifically for you, please call or send an email to mperry@canterburyschool.org.