Benefits of Gifts of Securities
- Avoid paying capital gains tax on the sale of appreciated stock
- Receive a charitable income tax deduction
- Further our mission today
How to Make a Gift of Securities
By electronic transfer – Please contact us for instructions on how you can transfer stock or bonds from your brokerage or investment account to The Community Foundation or an affiliated fund.
By certified mail – If you hold securities in the form of a certificate, you will need to mail two envelopes separately to complete your gift. In the first envelope, you will place the unsigned stock certificate(s). In the second envelope, include a signed stock power for each certificate. You may obtain this power from your broker or bank. Please remember to use certified mail.
More on Gifts of Securities
There are specific rules for assessing a gift of stock. The value of a charitable gift of stock is determined by taking the mean between the high and low stock price on the date of the gift. Mutual fund shares are valued using the closing price for the fund on the date of the gift.
If you have any questions about gifts of stocks and bonds, please contact us. We would be happy to assist you and answer any questions that you have.