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Making an even greater impact with current gifts of stock

Making an even greater impact with current gifts of stock

Gene Schurg, Davis & Elkins '77, is a former District Governor and current Chairman of the Buc Cup Review Team as well as the Fellows Committee. He recently used the sale of appreciated stocks to make a significant gift to SigEp. This option worked well for Gene and the Fraternity because he was able to maximize the amount of his gift. By donating stock that had appreciated for more than a year, Gene actually increased his gift by 20 percent more than if he'd sold the stock and made a cash donation. By donating the stock to the SigEp Educational Foundation, Gene was able to avoid capital gains taxes.

In utilizing his stocks for a gift, Gene ensured that SigEp could then receive all the assets from the sale of his stock tax-free, receive a tax donation and make an even greater impact for SigEp and the students we serve.

Is a current gift right for you?

Making year-end charitable gifts, especially with highly appreciated property such as real estate and stocks, can be an excellent strategy to reduce your tax bill.

Please contact us if you think you have assets that would make a nice gift to charity. We would be happy to work with you to structure a gift that meets your needs.