FundSvcs Community

Our communications people want to include the following language in a "ways to give" piece: *Appreciated securities, including stocks, bonds, and mutual fundsIf you have held securities for more than one year and they have appreciated in value, consider donating them directly to NMH. You will receive a charitable deduction for the full market value of the securities. This may boost your total federal tax deductions above the standard amount. Plus, you may not have to pay capital gains tax on the appreciated value.* Is the word "will", highlighted in red above, OK. I've been pushing for "may" instead, especially since fewer people will be able to itemize their deductions this year. We do have a disclaimer on the bottom of the back page, stating that they shouldn't consider this tax advice and for them to consult their tax professional. Thanks, Victor -- *Victor Nuovo '77 P'19* | Senior Director of Advancement Northfield Mount Hermon p: 413-498-3671 vnuovo@nmhschool.org Join me and support <https://community.nmhschool.org/NMHFund> NMH’s distinct education for the head, heart, and hand. -- One Lamplighter Way, Mount Hermon, MA 01354  nmhschool.org <http://www.nmhschool.org/> NMH CONFIDENTIALITY NOTICE: This transmission may contain privileged and confidential information, including information protected by federal and state privacy laws such as HIPAA and FERPA. It is intended only for the use of the person(s) named above. If you are not the intended recipient, please contact the sender by reply email or by telephone, and destroy all copies of the original message.

There are other circumstances that could reduce or impact the deduction. Never say "will" - you have no way of knowing nor guaranteeing. "May" is appropriate along with the reminder to seek professional tax advice. John John H. Taylor Principal, John H. Taylor Consulting 2604 Sevier St. Durham, NC 27705 johntaylorconsulting@gmail.com 919.816.5903 (cell/text) Serving the Advancement Community Since 1987 On Thu, Feb 14, 2019 at 2:49 PM Victor Nuovo <vnuovo@nmhschool.org> wrote: > Our communications people want to include the following language in a > "ways to give" piece: > > > *Appreciated securities, including stocks, bonds, and mutual fundsIf you > have held securities for more than one year and they have appreciated in > value, consider donating them directly to NMH. You will receive a > charitable deduction for the full market value of the securities. This may > boost your total federal tax deductions above the standard amount. Plus, > you may not have to pay capital gains tax on the appreciated value.* > Is the word "will", highlighted in red above, OK. I've been pushing for > "may" instead, especially since fewer people will be able to itemize their > deductions this year. > > We do have a disclaimer on the bottom of the back page, stating that they > shouldn't consider this tax advice and for them to consult their tax > professional. > > Thanks, > Victor > > -- > *Victor Nuovo '77 P'19* | Senior Director of Advancement > Northfield Mount Hermon > p: 413-498-3671 > vnuovo@nmhschool.org > > Join me and support <https://community.nmhschool.org/NMHFund> NMH’s > distinct education for the head, heart, and hand. > > One Lamplighter Way, Mount Hermon, MA 01354 nmhschool.org > <http://www.nmhschool.org/> > > > ------------------------------ > NMH CONFIDENTIALITY NOTICE: This transmission may contain privileged and > confidential information, including information protected by federal and > state privacy laws such as HIPAA and FERPA. It is intended only for the use > of the person(s) named above. If you are not the intended recipient, please > contact the sender by reply email or by telephone, and destroy all copies > of the original message. >

Thanks all, for your very prompt responses. Best, Victor On Thu, Feb 14, 2019 at 3:00 PM Marianne Pelletier <marianne@staupell.com> wrote: > Victor, I agree with you. There are a lot of reasons that a given person > can not deduct a charitable gift. Also, “the full marketable value of your > securities” gets you into trouble. It’s actually the average of the > marketable value of the stock the day it is gifted, which can fluctuate > considerably by the time the donor gets the stewardship letter. > > > > Perhaps something like, “gifts of stock to charities like ours are tax > deductible under US IRS rules” > > > > Or whatever John says…. > > > > --Marianne > > > > > > ________________________________________ > > Marianne M. Pelletier > > Staupell Analytics Group > > 607-592-3797 > > marianne@staupell.com > > http://www.staupell.com > > > > > > *From:* Advancement Services Discussion List < > FUNDSVCS@LISTSERV.FUNDSVCS.ORG> *On Behalf Of *Victor Nuovo > *Sent:* Thursday, February 14, 2019 2:50 PM > *To:* FUNDSVCS@LISTSERV.FUNDSVCS.ORG > *Subject:* [FUNDSVCS] "You will receive a deduction" > > > > Our communications people want to include the following language in a > "ways to give" piece: > > *Appreciated securities, including stocks, bonds, and mutual funds* > > > > *If you have held securities for more than one year and they have > appreciated in value, consider donating them directly to NMH. You **will** receive > a charitable deduction for the full market value of the securities. This > may boost your total federal tax deductions above the standard amount. > Plus, you may not have to pay capital gains tax on the appreciated value.* > > > > Is the word "will", highlighted in red above, OK. I've been pushing for > "may" instead, especially since fewer people will be able to itemize their > deductions this year. > > > > We do have a disclaimer on the bottom of the back page, stating that they > shouldn't consider this tax advice and for them to consult their tax > professional. > > > > Thanks, > > Victor > > > > -- > > *Victor Nuovo '77 P'19* | Senior Director of Advancement > > Northfield Mount Hermon > p: 413-498-3671 > > vnuovo@nmhschool.org > > > > Join me and support <https://community.nmhschool.org/NMHFund> NMH’s > distinct education for the head, heart, and hand. > > > > One Lamplighter Way, Mount Hermon, MA 01354 nmhschool.org > <http://www.nmhschool.org/> > > > > > ------------------------------ > > NMH CONFIDENTIALITY NOTICE: This transmission may contain privileged and > confidential information, including information protected by federal and > state privacy laws such as HIPAA and FERPA. It is intended only for the use > of the person(s) named above. If you are not the intended recipient, please > contact the sender by reply email or by telephone, and destroy all copies > of the original message. > -- *Victor Nuovo '77 P'19* | Senior Director of Advancement Northfield Mount Hermon p: 413-498-3671 vnuovo@nmhschool.org Join me and support <https://community.nmhschool.org/NMHFund> NMH’s distinct education for the head, heart, and hand. -- One Lamplighter Way, Mount Hermon, MA 01354  nmhschool.org <http://www.nmhschool.org/> NMH CONFIDENTIALITY NOTICE: This transmission may contain privileged and confidential information, including information protected by federal and state privacy laws such as HIPAA and FERPA. It is intended only for the use of the person(s) named above. If you are not the intended recipient, please contact the sender by reply email or by telephone, and destroy all copies of the original message.

I typically recommend wording all of these clauses as, “[This or your] contribution may be eligible…” -Eric Eric F. Valdescaro AVP, Advancement Services University of Hawaii Foundation From: Advancement Services Discussion List [mailto:FUNDSVCS@LISTSERV.FUNDSVCS.ORG] On Behalf Of Victor Nuovo Sent: Thursday, February 14, 2019 9:50 AM To: FUNDSVCS@LISTSERV.FUNDSVCS.ORG Subject: [FUNDSVCS] "You will receive a deduction" Our communications people want to include the following language in a "ways to give" piece: Appreciated securities, including stocks, bonds, and mutual funds If you have held securities for more than one year and they have appreciated in value, consider donating them directly to NMH. You will receive a charitable deduction for the full market value of the securities. This may boost your total federal tax deductions above the standard amount. Plus, you may not have to pay capital gains tax on the appreciated value. Is the word "will", highlighted in red above, OK. I've been pushing for "may" instead, especially since fewer people will be able to itemize their deductions this year. We do have a disclaimer on the bottom of the back page, stating that they shouldn't consider this tax advice and for them to consult their tax professional. Thanks, Victor -- Victor Nuovo '77 P'19 | Senior Director of Advancement Northfield Mount Hermon p: 413-498-3671 vnuovo@nmhschool.org<mailto:vnuovo@nmhschool.org> Join me and support<https://community.nmhschool.org/NMHFund> NMH’s distinct education for the head, heart, and hand. One Lamplighter Way, Mount Hermon, MA 01354 nmhschool.org<http://www.nmhschool.org/> [http://drive.google.com/uc?export=view&id=0B3voyQLtgBzUTllPS3dydklobkU] ________________________________ NMH CONFIDENTIALITY NOTICE: This transmission may contain privileged and confidential information, including information protected by federal and state privacy laws such as HIPAA and FERPA. It is intended only for the use of the person(s) named above. If you are not the intended recipient, please contact the sender by reply email or by telephone, and destroy all copies of the original message. This message (including any attachments) is covered by the Electronic Communications Privacy Act, 18 U.S.C. 2510-2521. It is the property of the University of Hawaii Foundation. It may contain confidential information intended for a specific individual and purpose. If you are not the intended recipient, you must delete this message. You are hereby notified that any disclosure, copying, or distribution of this message is prohibited.

Victor, I agree with you. There are a lot of reasons that a given person can not deduct a charitable gift. Also, “the full marketable value of your securities” gets you into trouble. It’s actually the average of the marketable value of the stock the day it is gifted, which can fluctuate considerably by the time the donor gets the stewardship letter. Perhaps something like, “gifts of stock to charities like ours are tax deductible under US IRS rules” Or whatever John says…. --Marianne ________________________________________ Marianne M. Pelletier Staupell Analytics Group 607-592-3797 marianne@staupell.com<mailto:marianne@staupell.com> http://www.staupell.com From: Advancement Services Discussion List <FUNDSVCS@LISTSERV.FUNDSVCS.ORG> On Behalf Of Victor Nuovo Sent: Thursday, February 14, 2019 2:50 PM To: FUNDSVCS@LISTSERV.FUNDSVCS.ORG Subject: [FUNDSVCS] "You will receive a deduction" Our communications people want to include the following language in a "ways to give" piece: Appreciated securities, including stocks, bonds, and mutual funds If you have held securities for more than one year and they have appreciated in value, consider donating them directly to NMH. You will receive a charitable deduction for the full market value of the securities. This may boost your total federal tax deductions above the standard amount. Plus, you may not have to pay capital gains tax on the appreciated value. Is the word "will", highlighted in red above, OK. I've been pushing for "may" instead, especially since fewer people will be able to itemize their deductions this year. We do have a disclaimer on the bottom of the back page, stating that they shouldn't consider this tax advice and for them to consult their tax professional. Thanks, Victor -- Victor Nuovo '77 P'19 | Senior Director of Advancement Northfield Mount Hermon p: 413-498-3671 vnuovo@nmhschool.org<mailto:vnuovo@nmhschool.org> Join me and support<https://community.nmhschool.org/NMHFund> NMH’s distinct education for the head, heart, and hand. One Lamplighter Way, Mount Hermon, MA 01354 nmhschool.org<http://www.nmhschool.org/> [http://drive.google.com/uc?export=view&id=0B3voyQLtgBzUTllPS3dydklobkU] ________________________________ NMH CONFIDENTIALITY NOTICE: This transmission may contain privileged and confidential information, including information protected by federal and state privacy laws such as HIPAA and FERPA. It is intended only for the use of the person(s) named above. If you are not the intended recipient, please contact the sender by reply email or by telephone, and destroy all copies of the original message.