As an owner of stock in Piedmont Natural Gas Co., you soon will receive a cash payment for your shares.The proposed payment of $60 per share by Duke Energy represents a premium on the share price. If you have had your stock for a period of time, your payment per share likely will be much higher than you actually paid for the stock. Many owners of PNG stock will then face capital gains taxes.
Have you considered gifting your stock? A direct gift of your stock to support the SayYes to Education Guilford scholarship program would benefit you and the future of this community. Contributing your stock also would provide a charitable deduction for you and make it possible to avoid capital gains payments. A contribution in 2015 would positively impact your taxes this year, or you could make your contribution in 2016.
Of course, a stock contribution to the Say Yes to Education Guilford scholarship program helps students in Guilford County gain further education and provide our community a stronger employment base long-term. It is a win-win for you and your community!
Your Piedmont Natural Gas stock can also be part of a future gift to the Say Yes scholarship program. If you are counting on dividends from the stock as part of your income, creating an annuity trust or a unitrust can provide an annual income and support the SayYes scholarship program in the future.
We would welcome the opportunity to talk with you about how any of these options can be realized. Please contact Skip Moore of the Say Yes to Education Guilford scholarship program at (336) 337-9693 or by email at
or Paul Lessard, President of the High Point Community Foundation, at (336) 882-3298 or email
or Gordon Soenksen, Chief Development Officer at The Community Foundation of Greater Greensboro, at (336) 790-7789 or email