Proctors and you can both benefit
Both Proctors and you can benefit by a gift of appreciated stock. Not only do you save yourself from paying capital gains on an appreciated asset, but you can take a charitable deduction for the current value of the stock as well. For example, let’s say your stock was purchased at $25 and is now worth $100. You decide to donate 25 shares to Proctors. You will save $375 in capital gains tax, which you would have had to pay if you sold the stock. And you have a tax deduction of $2,500 as well.
Please call the Theatre prior to making a stock gift for current transfer information. Contact Dan Hanifin, Relationships Director at (518) 382-3884 ex. 158.