Securities (stocks, bonds, and mutual fund shares) often provide a greater tax benefit to the donor than a gift of cash.

Gifts of securities are valued at their fair market value on the date the certificates are transferred to Dana. For publicly traded securities, the fair market value is computed as the average of the high and low market prices on the date of transfer.

Securities that have decreased in market value from the time of purchase can still be used to make a significant gift to Dana. If you sell the securities and give Dana the proceeds, you can deduct both the loss and the contribution.

Gifts of closely held stock (usually stock in a family-owned business) are another means of contributing to Dana. The securities must have been held for over 12 months in order for the donor to deduct the fair market value. A qualified appraisal is required for gifts of this type that exceed $10,000.

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For more information on how you can make a gift of securities to Dana College, contact Jeremy Bouman, vice president for institutional advancement, at 402 426-7333 or jbouman@dana.edu.