Planned Giving Home Personal Donor Stories Legacy Planner® Compare Gifts Goals & Benefits Gift Calculator Gift Plans » Assets You Can Give » Frequent Questions Glossary Request Information Form Planned Giving Team PLANNED GIVING Related Links ·  Gift illustration ·  Complete gift description ·  Is this gift for you? ·  Stock warning ·  Details on stock transfer ·  Sample letter « Back Appreciated Securities (Stock warning) TWO IMPORTANT REQUESTS Don't sell the stock first! Even though you give us the proceeds as a gift, the IRS will impose capital gains tax on your sale, wiping out the benefits of this arrangement. Don't contribute stock that has declined in value? First, the fair-market deduction rule works against you: if you bought stock for $50,000 and it's now worth $30,000, your charitable deduction will be limited to $30,000. Second, you won't earn a capital loss by making the transfer to us, either. It is better to sell depreciated stock, claim the resulting tax loss as one deduction, then make a deductible cash gift to Taft with the proceeds. For more information Email us, complete the personal illustration form, or call us at (860) 945-5923 so that we can assist you through every step of the process. Christopher R. Latham Director of Development ChrisLatham@TaftSchool.org Chip Spencer ‘56 Planned Giving Consultant ChipSpencer@TaftSchool.org The Taft School 110 Woodbury Road Watertown, CT 06795-2100 (860) 945-5923 | Fax: (860) 945-7756 Planned Giving content and Legacy Planner® copyrighted © 2009 VirtualGiving.