Gifts of stock and other securities have many advantages. A gift of appreciated shares is easy, tax deductible at full market value on the day of the gift, and capital gains taxes are avoided. A gift of stock is particularly advantageous to donors with restrictions or disclosure requirements, or those balancing an estate portfolio. Following are some ways to transfer:
- You or your advisor can transfer shares electronically. Direct transfer instructions.
- If you hold stock certificates personally, call us for simple instructions on how to send them safely.
- If giving mutual fund shares, call us so we can match accounts for ease and safety in transferring.
For more information on gifts of securities or property, or for information on transferring closely held stock, please call Dave Edwards at ECCF, 978-777-8876 x26.