Gifts of Appreciated Securities

A $5,000 cash gift and a gift of $5,000 in Appreciated Securities both generate the same charitable deduction. But if you use publicly-traded stocks, bonds or mutual fund shares to make your gift, you will receive an additional tax benefit: the IRS allows you to make your transfer to Salisbury School without recognizing capital gains on the appreciation. You can thus leverage a larger donation than you could make with cash -- and receive a larger tax deduction -- by "buying low and giving high."

Your gift of securities is valued as of the day the securities reach our account if your broker transfers them electronically, or the postmark date if you mail them. Your gift value is the average of the high and the low prices for the securities on that date (for mutual fund shares, it is the net asset value).

Important Tip: Don't sell the stock first. Even though you give us the proceeds as a gift, the IRS will impose capital gains tax on your sale, wiping out the benefits of this arrangement.

Instructions for transferring Stock

1.   Gifts of Securities Wiring Instructions:

2.   Stock Certificate Transfer Instructions:

Place the unsigned stock certificate(s), still registered with the donor name in one envelope. In a separate envelope, place one signed stock power form per certificate. Mail both envelopes to:

3.   If you gift stock, please call or have your broker call Gail Dalgleish, Gifts Recorder, at (860) 435-5707 in the Alumni & Development Office in all cases with the following information:

• The name of the securities you wish to give;
• The approximate number of shares or dollar amount;
• How you would like the gift designated;
• The name and contact information of your broker.

Please Note: The date of the gift is the date it arrives in Salisbury School’s account at Merrill Lynch.

More

• Is this gift for you? Click here.
• Picture this gift. Click here.

To learn more about gifts of appreciated securities, Email us, complete the Information Request form, or call us at (860) 435-5703 so that we can assist you.