Both you and Proctors can benefit by a gift of appreciated stock. Not only do you save yourself from paying capital gains on an appreciated asset, but you can take a charitable deduction for the current value of the stock as well. For example, let's say your stock was purchased at $25 and is now worth $100. You decide to donate 25 shares to Proctors. You will save $375 in capital gains tax, which you would have had to pay if you sold the stock. And you have a tax deduction of $2500 as well. Please call the Theatre prior to making a stock gift for current transfer information.
You may also consider leaving a bequest to Proctors as part of your estate plans. Many donors choose to make a substantial gift to Proctors as a lasting tribute of their affection for the Theatre. In either of these cases it is best to have a discussion with your attorney, accountant or financial planner regarding your specific financial status and the most beneficial way to structure your gift.
For more information, please call Dan Hanifin, Relationships Director at 518•382•3884 ex. 158, or e-mail email@example.com