Donating appreciated securities, including stocks or bonds, is an easy and tax-effective way for you to make a gift to Jewish Community Foundation, Inc..
By electronic transfer - Please contact us for instructions on how you can transfer stock or bonds from your brokerage or investment account to JCF.
By certified mail - If you hold securities in certificate form, you will need to mail two envelopes separately to complete your gift. In the first envelope, place the unsigned stock certificate(s). In the other envelope, include a signed stock power for each certificate. You may obtain this power from your broker or bank. Please remember to use certified mail.
There are special rules for valuing a gift of stock. The value of a charitable gift of stock is determined by taking the mean between the high and low stock price on the date of the gift. Mutual fund shares are valued using the closing price for the fund on the date of the gift.
As a reminder, it is important not to sell the stock first and then donate the proceeds, since you would have to pay any capital gains taxes on the sale. Alternatively, it may be advantageous to sell depreciated stock and then donate the proceeds to JCF, in order to gain tax benefits on the loss. Please consult your tax advisor to review your options.
If you have any questions about gifts of stocks and bonds, please contact us. We would be happy to assist you and answer any questions that you have.