If you have owned the appreciated securities for more than 12 months, you can claim as an income tax deduction up to 30 percent of your adjusted gross income in the year of the gift. Unused deductions can be applied to as many as five future tax years. The amount of your gift will be the securities' mean value on the date the written instructions are delivered to your broker and to Exeter. Under separate cover, send a stock power executed in blank with a copy of the transmittal letter. The amount of your gift will be the securities' mean value on the postmark date.
Careful planning can minimize the taxes due on retirement plan assets.
One option is to designate a percentage of assets from the plan to Exeter. Because such a gift is for charitable purposes, it is fully deductible from the estate, and can often result in more assets being received by heirs. The a sale of a company, a merger or acquisition, an initial public offering, or compensation benefits may create a new philanthropic opportunity. Transfer of such assets may allow you to accomplish your financial goals while also achieving your charitable objectives for Exeter. Deferred gifts can allow you to achieve your philanthropic goals for the Academy, while also providing income and important tax savings.