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Giving Stocks or Mutual Funds to CASBS
Gifts of long-term appreciated stock or mutual funds offer an easy and tax-efficient way to make a lasting contribution to the Center. By transferring stocks and mutual fund shares that have appreciated in value, you will receive several benefits. First, you avoid paying capital gains taxes on the amount of the appreciation. Second, you may deduct the full amount of the current value of the stock as a charitable income tax deduction—up to 30 percent of your annual adjusted gross income, with a carryover of the deduction for five years.
If you wish to donate securities that have declined in value, it is more advantageous for you to sell the securities and then donate the proceeds to the Center. In this way, you may take advantage of a capital loss in addition to the charitable tax gift deduction.
Many donors use appreciated securities to fund charitable trusts. Highly appreciated assets that generate low current income are an ideal way to fund such trusts. You’d be reluctant to sell such assets directly because of the tax you would pay on the gains, but you can transfer them to the trust without incurring capital gains tax. The trust can then sell the assets without paying any tax and reinvest the proceeds in order to secure a higher current income yield for you.
Donating securities held by your broker
Electronic delivery of stock shares is the most secure and expedient delivery process available. It provides efficient internal control as well as cost savings, because stocks held in your brokerage account are transferred electronically to the Center ’s brokerage account.
Please let us know in advance of your transfer so that we can monitor our account for receipt of your gift. You may fill out and print the letter of intent form below, or send an email to communicate this information at the time of transfer.
The following information will enable your broker to make an electronic transfer of stock:
| Brokerage name: | State Street Global Markets, LL | | Address: | 225 Franklin Street, MAO-2, Boston, MA 02110 | | Contact name: | Christopher Carlin
Phone (617) 664-6225
Fax (617) 664-4699 | | DTC number: | 226 | | Account name: | The Center for Advanced Study in the Behavioral Sciences | | Account number: | AB2-023817 | | Tax ID #: | 94-1312352 |
Donating securities by mail
Donating securities by mail requires several steps.
- Mail the unendorsed stock certificates and stock powers, in separate envelopes, to:
Center for Advanced Study in the Behavioral Sciences
Director of Development
75 Alta Road
Stanford, CA 94305-8090
Note: You may fill out and print the stock power form below, or get a form from your broker or bank.
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Send a letter of intent with information about how you would like your gift directed. Your letter must include your name and complete contact information, as well as the name and number of securities transferred. Note: You may fill out and print the letter of intent form below, send your own letter, or send an email to communicate this information at the time of transfer.
PDFs of Stock Power Form and Letter of Intent Form
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