Taking Stock for Future Gains

April 2nd, 2015 / Gift Planning

John Tiger ’71, who is age 65, and his wife, Jane, age 63, purchased stock several years ago for $20,000 that is now worth $100,000. They want to sell the stock to generate retirement income. What are their options?

Giving Stock(Click to enlarge)

Greatly Appreciated

Owning highly appreciated assets like stock or real estate is good for your bottom line—until you decide to sell and calculate the tax consequences. You can turn these assets into income by using them to make a life income gift to the University.

Instead of selling the stock or real estate yourself, you can establish a charitable remainder trust or charitable gift annuity.
Benefits include:

  • You pay no federal capital gains tax on the sale.
  • You receive an immediate income tax charitable deduction.
  • You can allocate your gift to a campus program that is meaningful to you.

There are many ways to transform your appreciated assets into gains for you and Princeton.
Learn more here.