Tom Pettus ’93

Kudos, Tim Struthers. I had always donated to Loomis Chaffee’s Annual Fund by credit card. Last year I donated stock after Tim, the school’s director of development, helped me realize by giving appreciated stock, you effectively give a much larger percentage than if you sold the stock and made a cash donation. Because by donating stock directly, you don't pay any capital-gain tax and can deduct the fair-market value of the stock donated from income taxes.

It’s a surprisingly simple process. The school answered a couple questions I had over email. Then I completed the gift online from my brokerage account in about 5 minutes. I’d definitely recommend this route to anyone who’s considering giving.

—Tom Pettus ’93