Gift Planning at Yale

<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "//www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd"> <html xmlns="//www.w3.org/1999/xhtml"> <head> <title> Gift Planning at Yale </title> <meta http-equiv="Content-Type" content="text/html; charset=UTF-8" /> <meta name="keywords" content="planned giving, gift planning, donations, charitable bargain sale, income tax deduction" /> <meta name="description" content="Give an asset that may help us more than it is helping you, such as a life insurance policy whose coverage your family no longer needs, or real estate such as a second home or a parcel of undeveloped land, or even a collection of books or artwork" /> <link href="css/anylink.css" type="text/css" rel="stylesheet" /> <link href="css/base.css" type="text/css" rel="stylesheet" /> <script src="js/toolbar.js" type="text/javascript"></script> <style type="text/css"> #vgnext { display: none; } #vgitgfy { display: none !important; } #vghowworks { width: 100%; } #vgbenefits { width: 100% } #giftdiag { float: left; margin-bottom: 20px; } #giftlogo { display: none; } .giftdiagram { float: left; } #charter td { padding: 7px; } .vgslide { display: none; } .vgcalclink { display: none !important; } .giftbullets { margin-right: 7px; float: left; clear: left; margin-bottom: 15px; } #vgrelatedlinks { display: none; } .subtext { clear: none !Important; } #vghowworks h2 { margin-top: 0px; } </style> <link href="css/twoColElsRtHdr.css" rel="stylesheet" type="text/css" />  <style type="text/css">  </style> </head> <body class="twoColElsRtHdr" > <div id="container"> <div id="header"> <h1>Giving to Yale</h1>  </div> <div id="sidebar1"> <h3>Related Links</h3> <p><a href="GIFTpartner.php">Gift Illustration</a></p> <p><a href="GIFTpartner2.php">Complete Gift Description</a></p> <p><a href="GIFTpartner3.php">Is This Gift Right For You?</a></p> <p><a href="GIFTpartner-faq.php">Frequently Asked Questions</a></p> <p><a href="mailto:development.plannedgiving@yale.edu">Contact Us</a></p> <div id="close"> <p> </p> <p><a href="javascript: self.close()" class="style1">Close Window</a><br /> <br /> </p> <div align="right" style="margin-bottom:5px; padding-left:10px; padding-top:7px; text-align:left;"> <a href="javascript:ts('body',1)"><img src="images/toolbar-inc.gif" style="margin-bottom:10px;" border="0" /></a> <a href="javascript:ts('body',-1)"><img src="images/toolbar-dec.gif" style="margin-bottom:10px;" border="0" /></a> <br /> <a href="?id=print" target="_blank"><img src="images/toolbar-print.gif" style="margin-right:20px;" border="0" /></a> <a href="javascript:mailpage();"><img src="images/toolbar-send.gif" border="0" /></a> </div>  </div> </div> <div id="mainContent"> <h1>Gifts of Partnership Interests: FAQs</h1> <div id="vgsubqa"> <p><a href="javascript:swapLayers('slide1');"><img class="openhide" src="gift/open.gif" border="0" alt="" />How do I arrange for a gift of my stock?</a></p> <div id="slide1" style="display: none"> <p>It is important that you <a href="mailto:development.plannedgiving@yale.edu">Contact us</a> so that we can assist you with transfer instructions. If you own securities in a brokerage account, we can help you set up an electronic transfer of the shares to our brokerage account. If you possess actual stock certificates, we can tell you how to sign the certificates over to us and fill out a stock power form.</p> </div> <p><a href="javascript:swapLayers('slide2');"><img class="openhide" src="gift/open.gif" border="0" alt="" />What are the tax advantages of a gift of stock?</a></p> <div id="slide2" style="display: none"> <p>Assuming you are giving long-term (owned for 12 months or more) appreciated securities, you will receive a charitable income tax deduction equal to the fair market value of the shares. For common stock this is typically the mean value on the date that we take control of the shares you give. You will pay no capital gains tax. Gifts of stocks are deductible up to 30% of your adjusted gross income the year you make your gift. Any excess amount can be rolled over into the next tax year, for up to 5 additional tax years if you need it.</p> </div> <p><a href="javascript:swapLayers('slide3');"><img class="openhide" src="gift/open.gif" border="0" alt="" />Will you sell the shares I give you?</a></p> <div id="slide3" style="display: none"> <p>It is generally our policy to liquidate any donated stock shares very soon after receiving them, so that we can use the cash proceeds for the purpose you designate.</p> </div> <p><a href="javascript:swapLayers('slide4');"><img class="openhide" src="gift/open.gif" border="0" alt="" />Can I give closely held stock that I own?</a></p> <div id="slide4" style="display: none"> <p>In many cases yes, and considerable tax benefits can result. However, giving closely held stock is more complicated than giving common stock. We stand ready to assist you with your gift intention. Our prerequisite to giving closely held stock is that the business or the shares have had a recent qualified appraisal. Please <a href="mailto:development.plannedgiving@yale.edu">contact us</a> so that we can walk you through the process.</p> </div> </div> <div id="vgnext"> <h2>Next</h2> <ul> <li><a href="GIFTpartner2.php" title="More detail">More detail</a> on gifts of partnership interests.</li> <li><a href="mailto:development.plannedgiving@yale.edu">Contact us</a> so we can assist you through every step.</li> </ul> </div> <br /><br /><br /> <br /> </div> <div id="footer"> <h5>Yale University Office of Planned Giving</h5> <p>PO Box 2038, New Haven, CT 06521 | 800.445.6086 | <a href="mailto:development.plannedgiving@yale.edu">Email us </a></p> </div> </div> </body> </html>  </body></html>

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Gift Planning at Yale