Stocks & Bonds
Transferring securities (Stocks & Bonds) to the Family Foundation allows you to make a gift and receive a charitable deduction equal to the full, fair market value of the securities. You pay no capital gains on your gift.
The best method of transferring these assets to the Family Foundation is to contact your broker and electronically transfer the stock from your account to the Family Foundation’s account at e*Trade. Avoid selling the assets and then making a gift of the proceeds, because this will trigger a capital gains liability for you.
In order for the Family Foundation to acknowledge your gift and provide you with an IRS receipt, please take the following steps:
- Call the Family Foundation at 804-343-0010 and let us know that you would like to make a gift of stock.
- Provide your name, your phone number, the name of the stock you are giving and the number of shares (e.g. 20 shares of Microsoft)
- Call your broker with the information below and ask your broker to contact e*Trade.
Account Name: The Family Foundation
Account Number: 69925301
DTC Number: 0385
For more information on how you can support the Family Foundation with a stock or bond gift, please contact Scott Russell, VP of Development, at 804-343-0010 or email Scott at firstname.lastname@example.org.