By Gene Kininmonth
Men’s Head Coach

Gifts of securities make excellent gifts to USC Men’s Crew. Some of our crew alumni already use shares of stock or even mutual funds for an outright gift.

Appreciated Securities: Instead of making your gifts in cash, consider using an asset of equivalent value like shares of stock or a mutual fund. If the shares have increased in value since you purchased them, you will have to pay capital gains tax when you sell them. Donate them to the USC Men’s Crew and you will avoid the capital gains tax and still receive an income tax deduction just as if your gift had been cash. If you wish to keep the stock in your portfolio, use the cash to purchase new shares at the higher cost basis.

Depreciated Securities: If you have shares of stock that have decreased in value since you purchased them, charitable giving can help you make the best of this unfortunate situation. Sell the stock and record the loss for tax purposes; then give the cash proceeds of the sale to USC and take a charitable contribution deduction.

Remember, if your deductions from charitable contributions are more than you are allowed to use in this tax year, you can carry forward any unused deductions for up to five years.

For more information on these options for giving to the Crew, please feel free to call or email me at no obligation.

This information is not intended as legal, tax or investment advice. For such advice, please consult an attorney, tax professional or investment professional.