Stock Gifts
Using publicly-traded stock to make a gift to St. Louis University High School can be a very tax-wise method of giving, especially if the stock has appreciated in value since you acquired it. Giving appreciated stock saves you tax dollars in the following ways:
- First, you will receive an income-tax deduction for the current value of the stock. This value is the average of the high and low trading price on the transfer date.
- Second, you avoid paying the tax on the capital gain of the stock.
If the stock is currently held in a brokerage account, simply request that your broker transfer the stock into the brokerage account of St. Louis University High. Your broker will require that you sign a document authorizing the transfer.
If you have the stock certificates yourself, the certificate(s) must be signed and dated. In addition, a "Relinquishment Letter" must accompany the certificates when they are delivered to SLUH.
>>>Please provide your name as the donor when making a transfer so that you can be recognized appropriately and provided supporting tax documentation.
