Alumni & Friends

Alumni & Friends

Use Appreciated Assets for Your Gifts

A $5,000 cash gift and a gift of $5,000 in appreciated securities both generate the same charitable deduction. But the donor of the securities receives an additional tax benefit: the IRS allows the donor to make the transfer to Neumann College without recognizing capital gains on the stock's appreciation. One can thus leverage a larger donation than could be made with cash -- and receive a larger tax deduction -- by "buying low and giving high."

While most donors use appreciated stock to gain this tax advantage, the same benefits apply to other assets, such as shares in privately held companies, real estate and artwork. However, additional IRS regulations govern such gifts, and they must meet Neumann College's gift acceptance policies.

Here's how to transfer securities to Neumann College: Contact Henry Sumner, Vice President of Institutional Advancement & College Relations at 610-558-5513 to arrange the transfer to the College's account. Your charitable deduction will be valued as of the date the securities reach our account. If you hold the shares yourself, mail them and, in a separate envelope, a stock power in blank, to Henry Sumner, Office of Institutional Advancement, Neumann College, One Neumann Drive, Aston, PA 19014-1298. Your charitable deduction will be valued as of the postmark date on your envelope transmitting the securities.

For further information, please contact Denise LePera by calling 610-558-5548 or via email at leperad@neumann.edu

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