Many of you have made cash contributions in the past. However, if the volatility of the market has you considering divesting stocks, please consider giving these stocks as a charitable donation to Camp Fuller.

A stock donation can become a substantial gift to Fuller (the current value) for what may amount to a relatively small expenditure (the purchase price) to you. In fact, gifts that have appreciated in value over the years are often the least expensive from a tax perspective. The donor recieces an income tax deduction for the current value of the asset, and yet may have paid much less than that value to acquire it.

To use a simple example, let's say you are in the 31% tax bracket. You donate stock worth $10,000 for a tax deduction of $3,100. If you paid $3,000 for the stock, the deduction is worth more than the original cost, and Fuller receives $10,000.

Another consideration: dividends from stocks are often low. Many major companies pay a sividend between 2% and 3%. The donor is sacrificing very little current income.

But the advantages don't end yet. You also avoid paying capital gains tax. Going back to the example, the sale of the stock valued at $10,000 and purchased for $3,000 would have a capital gain of $7,000. Subject to the 20% capital gains tax means you would pay $1.4000 capital gains taxes. This is not paid if the stock is donated.

A gift of stock can work wonders (don't worry, it doesn't have to be $10,000 worth). It can provide maximum benefits for Fuller and its campers at a minimum cost to you. For assured results, consult your tax advisor and attorney.

If you are considering a stock gift, please contact camp's Director, Peter Swain, and he can work with you to make it easy. Peter Swain, 619 Camp Fuller Road, Wakefield, RI 02879 401-783-5359 This e-mail address is being protected from spam bots, you need JavaScript enabled to view it

The information above is general in nature, and may not apply to a specific individual. Please check with your accountant and attorney. Tax laws change, so this information may need to be modified accordingly.