STOCK TRANSFERS

For more information please call John Oddy at (212) 480-2889 extension 202

SECURITIES

There are two tax benefits for contributing appreciated securities that have been held long-term.

• You do not have to pay any capital gain tax on the appreciation.

• You can take a charitable deduction for the securities' full appreciated value (generally subject to a 30 percent of income limitation).

EXAMPLE

You own stock worth $10,000 which you bought in 1982 for $2,000. The stock is subject to a tender offer; and you are faced - if you accept the tender offer - with having to pay tax on an $8,000 capital gain.

Instead of accepting the tender offer, you give your stock to Royal Oak to help the Foundation achieve its mission. Your gift allows you to claim a $10,000 charitable deduction.

If you are in the 36 percent tax bracket, your deduction will save you up to $3,600 in income taxes. Your combined tax savings, therefore, are as much as $5,840 ($2,240 capital gain tax savings plus $3,600 regular income tax savings).

Besides saving on your taxes, you have made a gift you thought might not have been possible.

TRANSFERRING STOCK TO ROYAL OAK

A gift of stock can be transferred to Royal Oak via:

Vanguard Brokerage Services

c/o Pershing LLC

DTC # 0443

for Royal Oak Foundation account #ALV 586791

 

click here for a printable version of this information

If you wish to have our Board of Directors consider your gift for a particular purpose, please provide this information along with details of the transaction under separate cover to:

The Royal Oak Foundation
26 Broadway #950
New York, NY 10004

tel:  212 480 2889 x 201
fax: 212 785 1234

We appreciate your gift!

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COUNTRY HOUSE LIBRARIES