Donating appreciated securities can be beneficial for donors and charities. There are two key advantages:
1. Any long-term appreciated securities with unrealized gains (meaning they were purchased over a year ago and have a current value greater than their original cost) may be donated to a public charity and a tax deduction taken for the full fair market value of the securities up to 30% of the donor's adjusted gross income.
2. Because the securities are donated rather than sold, capital gains taxes from selling securities no longer apply. The more appreciation the securities have, the greater the savings will be.
Please be sure to consult an attorney or tax advisor regarding your specific legal or tax situation.
To make a gift of securities to GFS, your broker will need the following information:
Financial Institution Name: National Financial Services
DTC Number: 0226
Account Number: GER025127
EIN: 05-0630018
Jean Schneider
William Blair & Company
145 Greenwood Avenue, Suite 400
Wyncote, PA 19095
JSchneider@williamblair.com
215-780-1024
After requesting transfer, it is very important to contact Ilana Goldfus, Advancement Services Director, at igoldfus@germantownfriends.org or 267-323-3556 with specifics of the securities being transferred (stock name, share quantity, as well as the date of instruction to your broker). This will enable us to track the stock and properly receipt you.