turn gains into good
A gift of stock represents more than a contribution; it is a strategic investment in the future of Webb School. This method of giving can generate significant benefits, not only by advancing the school’s mission and enriching student experiences, but also by providing meaningful financial advantages to donors. Whether you're passionate about supporting annual priorities, growing our endowment, or contributing to capital projects, a gift of securities offers a smart and effective way to make a lasting difference.
Donating appreciated securities, such as stocks, ETFs, or mutual funds, is a simple and tax-efficient way to increase the impact of your giving to Webb School or other causes you value. If you hold investments that have grown in value, using them to support Webb can be a smart strategy that benefits both you and the school.
By transferring the securities directly to Webb School, you can avoid the capital gains tax that you would have paid if they were sold. You can then purchase new shares to reset your cost basis at the current higher price. Gifts of stock and securities can be directed to the Webb Fund, capital campaigns, or the endowment.
Donating Scenerio:
John and Rebecca Smith are parents with two kids at Webb School. They are thinking about making a donation to the Webb Fund in December as part of their end-of-year giving. Their stock portfolio has performed well over the past few years, especially their shares in X Corp. They are debating whether they should sell the stock and make their gift from the cash proceeds or donate the stock directly to Webb School. They purchased the stock in X Corp for $200 several years ago, and the stock is currently worth $1,000. If they sell the stock to make the donation, they will pay a tax on the gain of $800 at a rate of 20 percent. They will also have to pay a sales commission that could reduce the amount available for the donation. However, if they donate the stock directly to Webb School, they will receive the benefit of a $1,000 gift and have no capital gains tax due. The tax benefit is a two-for-one: N0 capital gains tax AND a charitable donation for the full value of the donated security!
INSTRUCTIONS FOR GIVING STOCK TO WEBB SCHOOL
IF THE STOCK IS IN A BROKERAGE OR BANK TRUST ACCOUNT:
Instruct your stock broker/banker by telephone and follow up with a letter to have the stock electronically transferred to the Webb School account. Our broker’s contact information is as follows:
Ms. Terri Nations
TrustFirst
PH (865) 583-7390
FAX (865) 583-7398
Account Number: 3JD-004228
DTC (Depository Trust Co.) #0443
Webb’s Federal Tax ID# 62-0550980
Donation of Stock