Why make a gift of stock?
If you itemize your tax returns, gifts of securities entitle you to a federal income tax charitable deduction. Here are a few things to keep in mind:
- If you donate securities, you may deduct the full fair market value of your gift.
- You are permitted to carry any unused deduction forward for up to five additional years.
- In addition, you will avoid paying capital gains tax on the stock you donated to Spirit Rock.
To make a gift of stock, you will need to contact your broker or access your online investment account to make an electronic transfer to Spirit Rock. Because electronic transfers are made without identifying the donor, please alert us in advance about the stock and number of shares you plan to give. You can do so by e-mailing firstname.lastname@example.org or calling (415) 488-0164, ext 286. According to IRS regulations, the date of your gift corresponds to the date it arrives in our possession (for transfers from brokerage account to brokerage account). Following is the information necessary to transfer stock to our account:
If your stock is held in a brokerage account, your broker can transfer your gift electronically. He or she will need the following information:
Vanguard Brokerage Services DTC# 0062
Vanguard Client Account Name: Spirit Rock Meditation Center
Vanguard Client Account Number: 20204940
Vanguard Client Tax ID# 94-2971001
clo Vanguard Brokerage Services
PO Box 1170
Valley Forge, PA 19482-1170
SEC privacy regulations prevent our bank from telling us the source of any given stock transfer, so we need you to let us know who you are. After initating a stock transfer, please phone us at 415.488.0164 x 286 or email email@example.com so we can properly acknowledge your generosity.
Please free to use the attached form to facilitate the processing of your gift. Complete the form and forward to your broker.
Stock Transfer Form