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.
Academy Brokerage Information:
Merrill Lynch DTC #: 8862
Account #: 81204086
Phone: 800/680-0862 Fax: 1/203/635-4532
Attn: Megan Prior Collard
Account Name: Saint Martin de Porres Academy
Tax ID: 81-0666655
For additional questions or assistance completing the form, please contact our Director of Development at 203-772-2424 or via the contact form below: