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.
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 Jenny Malone, Foundation Business Manager. 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. You will be notified of the contribution deduction based on the date of your securities transfer.
For questions or more information on making a gift of stock, please email Jenny Malone.
For Advisors: Securities Transfers Instruction
Our Brokerage Firm: Wells Fargo
DTC Number: 0141
Account Number: 6363-4396
Wells Fargo Contact: Christopher Roberts
Vice President, Investment Officer
Please telephone our office if your client is transferring shares to The Bright Horizons Foundation for Children. We need to know the donor’s name and the name and numbers of shares being transferred.