Benefits of a Stock or Mutual Fund Gift
We welcome your gifts of appreciated
securities. By donating to the Center, you may:
- Receive a gift credit and income tax
deduction for the fair market value of the securities on the date of
transfer (if the securities are held for more than one year).
- Pay no capital gains tax on the
donated securities (if the securities are held for more than one year).
- Direct your gift to the general fund
or a specific area of research.
Sample Letter with Stock Transfer Instructions
Details on Stock Transfer
Inform your broker in writing that you wish
to give appreciated securities to Community Boating Center. Please use the
sample letter
with stock transfer instructions to provide specific
information regarding the securities you are donating.
Let us know that you have initiated a
transfer of securities to Community Boating Center's account by contacting
Peter Durant at (508) 992-6219. Please note
that it is very important to provide your name to our staff, so that we can
give you the proper tax receipt as well as acknowledge your gift.
The value of your gift will be calculated
by using the mean value of each share on the date the shares arrive in our
brokerage or mutual fund account. If you are concerned about the timing of
your gift, please be sure to work closely with your broker or mutual fund
company to ensure that the shares are transferred in a timely manner.
Details on Mutual Fund Transfer
Mutual funds usually take a little longer
to transfer, as each mutual fund company has its own requirements for making
charitable contributions. Call
Peter Durant at (508) 992-6219 so that we can work with
you to determine the best method of transfer. Allow at least one month for
the transfer.
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