Gifts of Securities
Make a Gift of Appreciated Securities
The SSMO Foundation gladly accepts publicly traded securities including:
- Mutual funds and
It’s advantageous to give appreciated property because you receive a tax deduction for the current value of the securities and you can avoid the capital gains tax on the appreciation of your securities.
To qualify for this double tax benefit, you must have owned the property for more than one year. If your gift is a piece of personal property (i.e., artwork, automobile, equipment), your gift must be related to the mission of the Sisters of St. Mary of Oregon in order for you to claim a deduction for the full value of the property.
Jeanette has owned 100 shares of IBM for fifteen years. She purchased the shares for $30 each ($3,000 total). Now they are valued at $80 each ($8,000 total). If she were to sell the shares herself, she would receive $8,000 minus commissions and then pay $750 in capital gains taxes (15% tax on $5,000 gain).
But if Jeanette transferred the IBM shares to the SSMO Foundation, she would receive an income tax deduction of $8,000. Because Jeanette is in the 25% federal income tax bracket, the gift will save her $2,000 in federal taxes (25% of $8,000 is $2,000). Plus, she will NOT have to pay the $750 in capital gains taxes because the SSMO Foundation sold the shares. So in total, Jeanette will save $2,750 in federal taxes ($2,000 plus $750) and the true cost of her $8,000 gift is $5,250 ($8,000 minus $2,750 tax savings).
SSMO FOUNDATION SECURITIES TRANSFER INSTRUCTIONS
The Sisters of St. Mary of Oregon Foundation is a not-for-profit, charitable 501(c)(3) organization incorporated in Oregon. The SSMO Foundation currently maintains an account at Morgan Stanley Smith Barney. Gifts of securities to the SSMO Foundation can be transferred directly to Morgan Stanley Smith Barney using the following instructions.
Morgan Stanley Wealth Management
Contact: Mindy Kim
805 SW Broadway, Suite 2300
Portland, OR 97205
Account Name: Sisters of St. Mary of Oregon Foundation
Account Number: #766-127472
SSMO Foundation Tax ID: #93-1253966
Questions regarding transfers of securities should be directed to the following:
Director of Development
Phone: 503.718.6484 x5484
Director of Development
Phone: 503.718.6484 x5480
Thank you for your gift!