Gift of Securities
Donors who choose to give appreciated securities can receive a charitable tax deduction for the full market value of the securities and avoid capital gains tax.
A gift of appreciated stock generally offers a twofold tax savings. First, you avoid paying any capital gains tax on the increase in the value of the stock. Second, you receive a charitable income tax deduction for the fair market value of the stock on the date it is transferred. Make sure you have owned the stock for a “long-term” period (more than 12 months) to qualify for these tax advantages. Gifts of appreciated stock are fully deductible–up to a maximum of 30% of your adjusted gross income. Please check with your accountant or tax advisor about how a gift of stock to HFLA can help you reach your financial goals.
To facilitate the transfer of securities, please use the following information:
Brokerage Firm: First Republic Securities Co., LLC
Clearing Firm: Pershing LLC
DTC #: 0443
For the benefit of Hebrew Free Loan (HFLA):
Account #: : 33L140598
Tax ID #: 94-1156545
Please let us know in advance if you are transmitting securities via DTC by contacting Jamie Hyams, Development Director, at 415.546.9902 ext. 106 or firstname.lastname@example.org. Please include your name, your complete address, the name and number of the securities you intend to transfer, your broker’s name and telephone number, the date of the stock transfer and the approximate value of your gift. You may also find it convenient to send us a copy of the letter of authorization to your broker. You can send it by fax to Development at 415.546.7479.