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 Carol Tatch at firstname.lastname@example.org or (503) 595-2001.
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.
Securities Transfers Instructions for Advisers:
Broker contact information:
• VOA Oregon Broker: Charles Schwab
• DTC number: 0164
• Account number: 4108-3358
• Code number: 40
• Tax ID: 93-0395591
Stock Donors and Brokers:
Please telephone our office if you (or your client) are transferring shares to Volunteers of America Oregon. We need to know the donor’s name and the name and numbers of shares being transferred to correctly apply the contribution.