Gifts of Appreciated Securities
Gifts of appreciated securities (stocks) are a popular alternative to making a cash gift as they may offer you additional tax advantages. In addition to receiving an income tax deduction for the full market value of the securities, you may also avoid capital gains on the appreciation of your stocks. If your donated securities are used to fund a charitable trust or gift annuity there may be estate and gift tax advantages as well.
To make such a gift, do not sell the stock and donate the proceeds, as this will jeopardize your tax benefits. Instead, notify your broker of your intention and contact Barbara Draughon, Volunteers of America national office's director of planned giving, email@example.com. When you contact us, please be prepared to provide your broker’s name and telephone number, the name of the stock and number of shares you wish to contribute. We will then contact your broker. You will be notified of the contribution deduction based on the date of your securities transfer.
For questions or more information on making a gift of stock, please email, firstname.lastname@example.org.
Securities Transfers Instructions for Advisers:
DTC Number: 0221
Account Number: AX21740
Taxpayer ID Number: 13-1692595
UBS Financial Services
Phone: (404) 760-3200
Fax: (404) 760-3261
Please telephone our office if your client is transferring shares to Volunteers of America. We need to know the donor’s name and the name and numbers of shares being transferred.