Gifts of Securities
Most people think of cash when they consider charitable contributions but gifts of securities may be a wiser choice. Many donors find significant tax savings by donating gifts of of appreciated securities.
If you have owned appreciated securities for at least a year and a day, your contribution can offer many benefits.
Benefits of making a stock transfer contribution
Eliminate Capital Gains Tax
By donating your appreciated securities, you can avoid the capital gains tax you would owe if you sold the securities yourself.
Enjoy a Last-Minute Tax Break
At the end of the calendar year when tax breaks and timing are critical, securities can be deducted on the date they are transferred to Saint Martin de Porres Academy.
Claim the Market Value
By claiming the market value of securities, you can enjoy a charitable tax deduction equal to the average of the highest and lowest quoted sales price.
If you would like to donate stock, please download the Security Transfer Form and follow the directions indicated.
Download Securities Transfer Form
Academy Brokerage Information:
Janney DTC # :0374
Account #: 6740-1810
Phone: 203-784-7401
Fax: 203-497-8920
Attn: Lisa Bradshaw or Alexandra Forte
Email: nobleservice@janney.com
Account Name: Saint Martin de Porres Academy
Tax ID: 81-0666655
For additional questions or assistance completing the form, please contact Anthony Pelino, Vice President of Advancement, at 203-772-2424, ext. 110 or via the contact form below:
