Winter nwsltr06_6 - Grand Teton National Park Foundation
Winter nwsltr06_6 - Grand Teton National Park Foundation
Winter nwsltr06_6 - Grand Teton National Park Foundation
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New Members Join <strong>Foundation</strong> Board<br />
The <strong>Grand</strong> <strong>Teton</strong> <strong>National</strong> <strong>Park</strong><br />
<strong>Foundation</strong> is pleased to welcome<br />
four new Board members.<br />
Chuck Koob is a partner at Simpson Thacher<br />
& Bartlett in New York where he serves as<br />
co-head of the firm’s litigation department.<br />
Chuck specializes in competition, trade<br />
regulation and antitrust law. Chuck is a<br />
trustee of the Natural<br />
Resources Defense<br />
Council, Chairman of the<br />
Stanford Law School’s<br />
Board of Visitors and<br />
Chair of the Yellowstone<br />
Appreciated Stock<br />
Makes an Excellent Gift<br />
Giving gifts of appreciated stock<br />
to the <strong>Grand</strong> <strong>Teton</strong> <strong>National</strong> <strong>Park</strong><br />
<strong>Foundation</strong> is an easy and tax-wise<br />
way of supporting park projects and<br />
programs.<br />
Appreciated stock is an excellent choice for<br />
funding charitable gifts because it can offer<br />
significant tax benefits for the donor without<br />
impacting cash flow. In fact, to offset a capital<br />
gain event during the tax year, many donors<br />
gift shares of stock or mutual funds to counter<br />
an anticipated capital gain tax.<br />
Here’s an example of how a gift of stock can<br />
work: Bob and Jane have held a company’s<br />
stock for twenty years. It has appreciated<br />
<strong>Park</strong> <strong>Foundation</strong>. He and his wife Pam have<br />
a home north of the airport which they visit<br />
frequently. They have two adult sons.<br />
Philip and<br />
Liliana Treick<br />
live in Jackson,<br />
Wyoming.<br />
Philip is a<br />
Wyoming native who has his own investment<br />
firm. Prior to returning to Wyoming, he<br />
worked for Raymond James Financial in<br />
Florida and Transamerica Investment Service<br />
in San Francisco. Liliana is a native of<br />
Colombia who met Philip at college in<br />
greatly during that time, so much so that their<br />
cost basis is just 10 percent of the current value.<br />
Typically, selling an appreciated stock triggers<br />
a tax on the realized gain—the difference<br />
between what you paid to purchase the stock<br />
and its current value. When you make a gift of<br />
appreciated stock directly to your favorite<br />
charity and the charity sells the stock, the taxable<br />
event and the fees are avoided because<br />
the charity is tax-exempt. Plus the donor can<br />
Florida. She worked in the banking business<br />
in Florida before joining Levi Strauss in<br />
San Francisco. Currently, Liliana manages<br />
Philip’s investment business and competes in<br />
triathlons. They have two children.<br />
James Trosper lives in Fort Washakie,<br />
Wyoming and is Director of the Indian<br />
Child Welfare Legal Department on the<br />
Wind River Indian Reservation. In 2002, he<br />
was appointed by Governor Dave Freudenthal<br />
for a five-year term as trustee on the<br />
University of Wyoming<br />
board. James is an<br />
Eastern Shoshone Sun<br />
Dance leader and the<br />
great-great grandson<br />
of Chief Washakie.<br />
take a sizeable charitable deduction on<br />
his/her taxes—a deduction that can be used<br />
to offset other taxable events. It’s truly a<br />
win-win situation for everyone.<br />
Email us at director@gtnpf.org or call (307)<br />
732-0629 if you would like to make a gift of<br />
appreciated stock. We will get you the information<br />
you need and guide you through the<br />
process.<br />
Option X: Keeping the Proceeds Option Y: Making a Charitable Gift<br />
Stock Value $50,000 Stock Value $50,000<br />
Cost Basis $5,000 Cost Basis Does not matter<br />
Capital Gain $45,000 Capital Gain Avoided<br />
Capital Gains Tax (20%) $9,000 Capital Gains Tax $0<br />
Brokerage Fee (est.) $500 Brokerage Fee (est.) $0<br />
Value of Sale $40,500 Value of Gift and $50,000<br />
Charitable Deduction