Miller Center

Gifts of Appreciated Securities

Making your gift with long term appreciated securities is a tax wise method of supporting the Miller Center. When making a gift of appreciated stock, bonds, or stock options with long term gains, the donor pays no tax on the capital gains and can take a charitable tax deduction for the fair market value of the security (up to a 30% limit of adjusted gross income.) For example, if you acquired stock for $1,000 in 1997 and the current market value is $5,000, you can deduct the full $5,000 and avoid tax on the $4,000 capital gain. Under IRS rules, the value of the gift is the mean of the high and the low price on the day the stock passes from the donor’s control. Any excess deduction can be carried over for up to five years. Please instruct your broker to address electronic transfers of securities to:

Wells Fargo Advisors, LLC
DTC #0141
FBO The Miller Center Foundation
Account #48111148

At the time the transfer is made, you or your broker should also notify:

Karen McGrath
Director of Annual Giving
Miller Center Foundation
Tel. 434-924-0775