Stock GiftsTAF accepts stock gifts through a simple stock transfer process.
Stock Transfer Form
When you give the Technology Access Foundation a gift of stock that you have
held for at least 18 months and that has increased in value, you:
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Claim a charitable gift deduction on your current year taxes.
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Don't pay capital gains taxes you would owe if you sold it yourself.
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Don't pay broker fees on the sale.
To receive the full tax benefit, it is very important that you donate your
appreciated stock directly to Charles Schwab (our broker). Here is an example:
Two years ago, you purchased 200 shares of Widgets-R-Us Co at $10 per share. If
you were to sell that stock today for $60 per share, you would pay a 20%
capital gains tax, $1,800.
| If you sell the stock and donate the proceeds: |
If you donate the stock itself and we sell it: |
| Value of Stock... $12,000 |
Value of Stock... $12,000 |
| Your Capital Gains Tax...... ($1,800) |
Your Capital Gains Tax............... $0 |
| Your Tax Deductible Contribution $10,200 |
Your Tax Deductible Contribution $12,000 |
Giving Stock is Easy
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With electronic transfers, you simply call your broker and provide the following
information: Charles Schwab DTC #0164, code 40 Account Number: 8741-7834. We
recommend that you consult with your financial advisor to discuss what form of
giving is best for you. |
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For our records, we require the following information. Please have your
broker send us a letter stating:
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Date of Gift & Number of Shares and Name of Stock
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Value of Stock on Gift Date
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Name of Donor (please provide your address if it has changed)
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For your convenience, we can provide you with this letter, to fill out
yourself, which you can also use to send to your broker. Please mail or fax
this letter to the Technology Access Foundation. |
Thank you for choosing to donate to a gift of stock to
Technology Access Foundation.
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