An attractive way for donors to contribute is through gifts of appreciated securities. Giving long-term appreciated securities offers a tax saving benefit in that you avoid paying any capital gains tax on the increase in value of your security. It is important to note that to receive the tax benefit, the donor should not personally sell the security, but transfer it directly to Windward’s account for the School to sell.
You purchase 10 shares of ABC at $20 for a total value of $200.
The ABC share price increases to $100, bringing the total value of your investment to $1,000.
If you sell the shares and donate the $1,000 to Windward, you will receive a deduction for the gift but will also have to pay capital gains tax on the $800 increase of the investment.
On the other hand, if you donate the 10 shares of ABC directly to Windward, you receive the same $1,000 deduction but will not ever have to pay the capital gains tax.
Instructions for stock transfers:
Please have securities delivered through the Depository Trust Co. (DTC)
DTC Clearing Number: 0005
Bank: Goldman Sachs
Account Name: The Windward School
Account Number: 055486872
It is the School’s policy to sell all stock donations immediately upon receipt. Therefore, prompt notification of a stock gift is critical. Please be sure to call Angel Francis, Director of Development, at (914) 949-6968 ext. 2280, with the information regarding the name and number of shares sent.
If your company offers an Employee Matching Gifts program, you can make the impact of your gift to Windward go even further. Please check with the Human Resources office of your company to determine if they have a matching gift program. Gifts made by corporations to match your gift will be credited to you and counted in your cumulative giving for that fiscal year.
Planned Giving involves estate planning, and gifts can include annuities, trusts, bequests, and real property. If structured well, a planned gift can have financial benefits for the donor as well as the School. These gifts can help minimize income and estate taxes, provide for one or more beneficiaries with income for a period of time, reduce capital gains taxes, and more effectively distribute estate assets. The most commonly used method of making a planned gift is a bequest, which can easily be done by contacting your attorney. Typically a donor will leave a specified dollar amount or a percentage of their estate to the School. For more information about planned giving options, please contact Angel Francis, Director of Development, at (914) 949-6968 ext. 2280.