Use appreciated assets

Use Appreciated Assets

One of the easiest and most tax-savvy ways of giving to TMI is to give appreciated assets, such as stock. When you give appreciated assets, you avoid all capital gains tax and get a tax deduction for the full amount of the gift, as long as you have owned the stock for at least a year.
 
  • Stocks, bonds, mutual funds, business interests
    Example: Susan bought ABC stock when it was only $100/share. With ABC stock now valued at $550, she can give the stock to TMI, get an income tax deduction for the full $550/share market value, and avoid paying capital gains tax on the $450/share appreciation.

    Example: Sam is the owner of a successful family business partnership. He is a 50% partner with his two sons, and he would like eventually to transfer controlling ownership to them. He can give shares of the business to TMI, get a tax deduction for its value, and then his sons can purchase the shares at some future date. By making gifts of shares every year, Sam can eventually transfer full ownership to his sons.

  • Appreciated real estate
    Example: Hal owns a condo on South Padre Island that he purchased years ago for $100,000, which is now valued at $500,000. He used to visit regularly but now finds the condo has become a burden. He can give the condo to TMI, get a tax deduction for the entire $500,000, avoid paying tax on the $400,000 capital gain, and relieve himself of the expense and the hassle of maintaining the property.

    For information on how to transfer real estate, click here.

Have Questions?

For more information on ways to give to TMI or to find out how you can submit your gift to TMI, please contact our Advancement Department, at advancement@tmi-sa.org.

Please remember that when making a financial decision, you should always seek the opinion of your professional tax adviser or legal counsel.
 

Creative Ways to Give

Give Through Your Estate

MISSION: TMI provides an exceptional education with values based on the teachings of Jesus Christ that challenge motivated students to develop their full potential in service and leadership.

NOTICE OF NONDISCRIMINATORY POLICY AS TO STUDENTS
TMI Episcopal admits students of any race, color, national and ethnic origin, sex, religion, and physical ability to all the rights, privileges, programs, and activities generally accorded or made available to students at the school. The school does not discriminate on the basis of race, color, national and ethnic origin, sex, religion, and physical ability in administration of its educational policies, admissions policies, scholarship and financial aid programs, and athletic and other school-administered programs.
TMI Episcopal
20955 W. Tejas Trail
San Antonio TX 78257
phone (210) 698-7171
fax (210) 698-0715