Stocks and 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:

  1. Call The Family Foundation at 804-343-0010 (Marie Edwards at Ext. 5) and let us know that you would like to make a gift of stock.

  2. Provide your name, phone number, the name of the stock you are giving, and the number of shares (e.g. 20 shares of Microsoft).

  3. Call your broker with the information below and ask your broker to contact e*Trade.

Name: e*Trade from Morgan Stanley

Account Name: The Family Foundation

Account Number: 725-302956

DTC Number: 0015

1-800-ETRADE-1 (1-800-387-2331)

For more information on how you can support The Family Foundation with a stock or bond gift, please contact Marie Edwards, Development Officer, at 804-343-0010, or email Marie at marie@familyfoundation.org.