Alumni and friends of Mississippi State who wish to donate shares they own in mutual funds to the university during 1997 are reminded that it takes at least two weeks for the transfer to take effect, says Larry Watson, the Office of Development's director of planned giving.
"Mutual funds typically distribute their capital gains in December," said Watson. "Therefore, if alumni and friends will notify us by Nov. 15, we can set up an account with the mutual fund in time to accept the funds before December 1. The donor will avoid the distribution of the capital gains, thereby avoiding the tax on those gains."
For more information, contact Watson at 662-325-3410.
This World Wide Web version of Alumnus was marked up by Chris Brown <brownc@ur.msstate.edu>
For information about Mississippi State University, contact msuinfo@ur.msstate.edu.
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