Smart Gifting

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					Smart Gifting
As the Columbia Art League starts its Missouri Theatre Move fundraising drive in earnest, CAL
Board Member Lon Brockmeier, a Raymond James financial advisor, shares smart gifting tips.

      “One way to support CAL programs is gifting us assets that have appreciate in value such
      as stocks, bonds, mutual funds or other securities. Here’s an example: a supporter donates
      200 shares of stock valued at $10,000 to CAL by transferring her shares into our investment
      account. Assuming she purchased her stock years ago for $2,500, by donating the stock to
      CALK she not only avoids paying the capital gains tax on the $7,500 of appreciated
      value, she also reduces her taxable estate by $10,000 and additionally qualifies for a
      $10,000 income tax deduction for the full value of the appreciated stock!”

      “Please note: to qualify as a donation of capital gains property, the security must have been
      held for more than one year. While donations of capital gains property are generally valued
      at fair market value at the time of the donation, the annual tax deduction for gifts of capital
      gains property to CAL are limited to 30 percent of one’s adjusted gross income.”

      “As a tax exempt organization, CAL is then able to sell our supporter’s donated shares
      without having to pay capital gains taxes. Our supporter benefits in three ways, and your
      Columbia Art League benefits with increased funding for our programming to the

      “If you would like to investigate such a strategy to maximize the impact of your gift, please
      talk to us to explore your opportunities.”

phone: 573-443-8838

111 South Ninth Street
Suite 140
Columbia, MO 65201

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