Donors give more than $1 million in
stock
Seven individuals made gifts of stock to the Medical Center and Children's Hospital in 1999. Their support totaled $1,126,229 to help people through a variety of programs and services.
"With significant growth in the stock market over the past few years and uncertainty about the market's future, now is an opportune time to lock in this increased value and invest in people through a gift of stock," says David Colwell, CFRE, director of development.
Gifts of long-held appreciated securities provide at least two major benefits. First, since the donor gives stock to the Medical Center who then sells it, there is no capital gains tax payable. Second, donors may use the securities' fair market value on the date of the gift to compute the income tax deduction.
"A gift of appreciated stock is also an excellent way to fund a trust or annuity," Mr. Colwell states. "In addition to the other benefits, the donor receives income for life, often at a rate higher than the stock earnings." When the trust or annuity matures, the principal is then used to help people through the Medical Center.
For more information, call David Colwell at (909) 558-4778.
All contents copyright © 2001 Loma Linda
University. All rights reserved.
Revised
Monday, January 8, 2001 8:38 AM
Send comments and questions to webmaster@univ.llu.edu
URL: http: //www.llu.edu