A gift of appreciated securities gives you greater tax savings than gifts of cash and offers you two significant advantages:
- Avoid paying capital gains on the increased value of the stock;
- Receive a charitable deduction for the full fair market value of the stock when the gift is made.
In order to do this, your stock generally must have been held long-term (more than one year). Your gift must be transferred by December 31. Gifts of appreciated securities are fully deductible up to a maximum of 30% of your adjusted gross income. Anything more can usually be carried forward and deducted over a maximum of five subsequent years.
Please contact Seana Beard, SBeard@ForsythOnline.com or 314.726.4542, x1261, for instructions for gifting certificates of stock that you hold or for electronic transfer of stocks from your broker or financial institution. When donating stock, notify Erica Axelbaum in advance because most stock transfers contain little or no information about the donor. This notification will allow us to process your gift promptly and provide you the proper receipts for your tax records.
Transfer Securities Held By Your Broker or Financial Institution
DTC Number 0226
Forsyth Capital Account 674-444545
PO Box 770002
Cincinnati, OH 45227-0075
Wire ABA #041000124
Capital campaign gift: Capital Account # 4645202732
Annual Giving or other gifts: Operating Account #464520724
PNC Financial Services Group
120 South Central Avenue
Clayton, MO 63105