A gift of publicly traded securities, including stocks and bonds, can be one of the most advantageous ways of giving to the Stuyvesant High School Alumni Association. A gift of securities held for over one year, such as stocks, generally generates an income tax deduction at the market value of the securities, regardless of the price paid or basis of the securities. Moreover, the capital gains tax is avoided through such a gift.
Benefits of Gifts of Securities
- Avoid paying capital gains tax on the sale of appreciated stock.
- Receive a charitable income tax deduction.
- Further the mission of the Stuyvesant High School Alumni Association.
HOW TO MAKE A GIFT OF SECURITIES
By electronic transfer – Please contact us for complete instructions on how you can transfer stock or bonds from your brokerage or investment account to the Stuyvesant High School Alumni Association.
By certified mail – If you hold securities in certificate form, you will need to mail two envelopes separately to complete your gift. In the first envelope, place the unsigned stock certificate(s). In the other 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.
Please be sure to provide the following information when making your gift of securities:
- The name and type of the securities to be contributed (public, restricted, mutual fund, etc.).
- The number and shares you intend to gift.
- The date you intend to make the gift.
- How you would like the gift directed.
- Your name and address.
MORE ON GIFTS OF SECURITIES
There are special rules for valuing 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 securities, please contact us. We would be happy to assist you and answer any questions that you have.
The Stuyvesant High School Alumni Association does not provide tax, legal or financial advice. Any document or information shared by our staff is intended to be educational. The Alumni Association strongly encourages all of our benefactors to seek counsel from their own legal and financial advisors. Please know that any information or documents shared by the Stuyvesant High School Alumni Association cannot be used to avoid tax-related penalties.