Donate Appreciated Stock or Securities to RARE
Donating appreciated stock and mutual fund shares (held for more than one year) are wonderful ways to support RARE.
Making a gift of securities is simple and offers several valuable financial benefits – you can donate appreciated stocks, bonds, or mutual funds; the total value of the stock upon transfer is tax-deductible; and there is no obligation to pay any capital gains taxes on the appreciation.
Key Benefits
- Avoid Capital Gains Tax: You don’t pay tax on the appreciation when you donate the stock directly.
- Deduct Full FMV: Get a deduction for the stock’s fair market value, not just your original cost.
- Bigger Donation: Maximize your gift by donating appreciated assets instead of selling them for cash.
- Portfolio Rebalancing: Use it to reduce concentrated stock positions.
Everyone’s situation is unique. Talk to your tax advisor to determine if these benefits apply to you.
Your broker can assist you in donating stock. Simply provide the following information:
Account name: Roosevelt Alumni for Racial Equity
Account Number: 8941-6914
DTC Number: 0164
Code: 40
Broker: Charles Schwab
To protect your privacy, your bank will not release your name or contact information to RARE. For us to confirm your stock transfer, acknowledge your donation and provide a receipt for your taxes, you must notify us of your stock donation.
If you have questions or need assistance, please Contact Us.
