EFSC Foundation Gift Planning Guide | Page 5

Appreciated Securities > Minimize tax and maximize gift Benefits Giving appreciated securities - stocks and bonds - can be more tax efficient than giving cash. HERE’S WHY: If you make a gift of securities directly to EFSC, you will receive an income tax deduction - and gift credit EFSC - for the full market value, without paying capital gains tax. If you were to sell these securities before making the gift, you would have to pay tax on any capital gains. Did You Know? If you own securities in a brokerage account these shares can easily be electronically transferred to EFSC. For more information, contact EFSC’s Foundation Office at 321-433-7055. In most cases, EFSC will promptly sell gifted securities that are publicly traded and apply the cash toward the purpose you designate. Closely held stock and other securities that are not publicly traded work best when there is a mechanism for EFSC to sell the gifted interest to other stakeholders or the corporation itself. For these gifts, the donor must usually obtain an appraisal to claim a tax deduction. 5