While SCH Academy welcomes gifts of cash, there can be a more tax-beneficial way to gift larger amounts. Donating appreciated securities is a win-win for donors and charities. The two key advantages:
Any long-term appreciated securities with unrealized gains (meaning they were purchased over a year ago and have a current value greater than their original cost) may be donated to a public charity and a tax deduction taken for the full fair market value of the securities—up to 30% of the donor’s adjusted gross income.
Since the securities are donated rather than sold, capital gains taxes from selling the securities no longer apply. The more appreciation the securities have, the greater the savings will be.
Please be sure to consult an attorney or tax advisor regarding your specific legal or tax situation.
To transfer stock, you will need the following information:
DTC Participant #: 0221
SCH Academy Account: VQ-23558
Tax ID #23-1352681
UBS Financial Services, Inc.
The McDevitt Group
1735 Market Street, Philadelphia, PA 19103
Contact: Pieter N. Nova (e) firstname.lastname@example.org | (p) 215-496-2013