Making a Gift of Marketable Securities
You can give stock, mutual funds, ESOP shares or other forms of marketable securities to help promote everyday bicycling in San Francisco.Giving stock provides important tax benefits to you as a donor. When you give long-term appreciated stock to the SFBC Education Fund, you will qualify for an income tax charitable deduction based on the average share price of your stock on the date on which you make your gift. For example, if you originally paid $1,000 for your shares, and your stock position is now worth $10,000, you'll receive a charitable deduction based on the current market value. Many donors find that giving long-term appreciated securities is one of the least expensive ways of making a gift. Giving stock is easy. SFBC Education Fund maintains an account with Wells Fargo Advisors to make this type of giving effortless.
Use the text below as a guide, and email John Calaway to request account number and wiring instructions. Or call John at 415-431-2453 x305.When giving stock, keep the following points in mind: * Make sure your shares qualify as long-term capital gain property. Generally this means that you have owned them for longer than one year. * If you've acquired your shares through exercise of stock options, make sure you have satisfied the holding requirements for your shares. * Usually it is most advantageous to contribute securities that have appreciated in value over time. * Please consult with your own advisor if you have questions about the tax or legal aspects of making a gift. The above information should not be viewed as legal or tax advice.