University of Florida Community Campaign
UFCC Stock Contributions
Contributions to the University of Florida Community Campaign can be made by cash, check, payroll deduction, or direct bill.
In addition, contributions can be made by contributing stock.
You can realize two tax savings by contributing stock as a gift to University of Florida Community Campaign:
1. A Charitable Deduction
Federal law permits taxpayers who itemize to deduct the current value of charitable contributions from their adjusted gross income.
2. Avoiding Captial Gains Tax
Stock contributions may have no tax liability on the difference between what they paid for the donated stock and its current fair market value (FMV); i.e., there may be more cost-effective for you.
Assume that you purchased 20 shares of XYZ Corporation in 1994 for $2,000 and the shares are worth $10,000 today. Also assume you are in the 35% federal income tax bracket. Here are comparisons for making a $10,000 gift to UFCC*:
| Cash | Stock | |
| Size of Gift: | $10,000 | $10,000 |
| Income Tax Deduction | ($3,500) | ($3,500) |
| Capital Gains Tax Savings | ($1,200) | |
| After Tax Cost of Gift | $6,500 | $5,300 |
Illustration is based upon tax laws in effect as of January 2003 (Tax Act of 2003)
A gift of stock would result in a $1,200 savings over the same size gift of cash.
*Always consult your personal financial or tax advisor to see how a gift of securities can benefit you. The stock must be long-term, owned at least one-year and a day.
To Contribute With Stock
Please contact the UFCC Fiscal Agent, United Way of North Central Florida, at (352) 331-2800 for details on how to donate your stock.
Valuation For Tax Purposes And Date Of Gift
The date of the gift is the day the stock passes from your control. The value for income tax purposes is the mean between the high and low quoted selling price on that day.
