Gifts of Stock
Instructions for Gifting Stock
All gifts of stock made to the Arboretum Foundation are recorded at the closing price of the stock the date it is received into the Foundation’s account. To donate stock, please follow these steps:
1. Instruct your broker to transfer stock directly to the Arboretum Foundation’s account:
General Fund Savings Account
Account #: 5259-7384
DTC #: 0164, Code 40
Charles Schwab & Co., Inc.
211 Main Street, San Francisco, CA 94105
2. Inform us about your stock transfer as soon as the transaction has been completed by contacting
a) our investment representative:
Marshall & Sullivan, Inc.
b) our Director of Finance:
Thank you very much!
Do you want to enjoy the impact of your potential gift to the Arboretum now? Would a charitable tax deduction help you for this year? If so, consider gifts of stock and securities today.
Gifts of appreciated stock or securities are a smart way for you to give. Receive not one—but two—tax benefits.
First, you save capital gains tax. If you sold your appreciated stock, held over a year, your stock would lose 15% of its current market value, because of capital gains tax. Here’s a better way: Donate your stock directly to the Arboretum Foundation and the full market value (100%) goes to our mission.
The second tax benefit is that you receive a charitable deduction. Your gift is deductible and can help you save on this year’s taxes. IRS charitable deduction rules allow you to deduct your stock in the year you make a donation. If you can’t use the full deduction immediately you have up to five additional years as needed to deduct any remaining balance.
How a stock donation works
Joe and Sue Smith (example couple) feel passionately that preserving and enhancing the Arboretum is an important mission. They bought stock years ago at $20,000. Today, the stock is worth $50,000 and they would like to make what would be a major gift for them. If they sell their stock, they will pay a 15% capital gains tax on the $30,000 of appreciation enjoyed since their original purchase. The capital gains tax would be $4500 (15% tax on $30,000 stock appreciation).
The Smiths love our country, but think the $4,500 could be put to better use. After talking with us, they learn that if they transfer the stock to the charity, without selling it themselves, the full $50,000 of their stock would be available to foster the Arboretum Foundation’s mission. In addition, they are thrilled to learn that the full $50,000 is deductible, as they itemize their taxes.
You receive many benefits from charitable donations of stocks and securities. Contact Gary Wortzel at firstname.lastname@example.org or 206-325-4510 to discuss your wishes. We can help you with your legacy and financial goals.