This type of gift can provide some important tax advantages. You are entitled to a charitable income tax deduction based on the fair market value of any securities you have owned for 12 months and one day. You also avoid potential capital gains tax liability from sale of the securities.

Appreciated securities can be an outright gift or may be used to fund a life income agreement. The gift value of the stock is the average of the published high and low price as of the postmarked date or the date of hand delivery.

Please contact us for important information concerning transferal of the securities to the Sunstone Education Foundation; a stock power of attorney may be required.

Benefits of a gift of appreciated securities include:

• Income tax deduction
• Capital gains tax avoidance