Gifts of Stock or Appreciated Securities
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Gifts of Stock or Appreciated Securities
Let your broker or investment representative know you wish to make a gift of appreciated securities to Heritage Christian Services Foundation (HCSF) and provide them with our brokerage account information below for the transfer. Please request your broker notify HCSF Legacy and Leadership Giving Manager, Danielle Pierleoni, (585) 340-2068 that the transaction has been completed so we can identify it.
Broker: RBC Wealth Management
Account Name: FBO - Heritage Christian Services Foundation
Account #: 316-65620
DTC#: 0235
Contact: Thomas Wahl, Jr. (585) 423-2138
The Foundation will send you a receipt and letter indicating the date of your gift as well as the fair market value we assigned to your gift, computed by taking the mean of the high and low prices of the stock on the date of transfer. Please consult with your tax advisor regarding the value of your gift for income tax deduction purposes.
How It Works
- You transfer appreciated stocks, bonds, or mutual fund shares you have owned for more than one year to Heritage Christian Services Foundation Inc.
- Heritage Christian Services sells your securities and uses the proceeds for our programs.
- Use our Stock Transfer Form to facilitate the gift.
Benefits
- You receive an immediate income tax deduction for the fair market value of the securities on the date of transfer (even if you originally paid much less for them).
- You pay no capital gains tax on the transfer when the stock is sold.
- Giving appreciated stock can be more beneficial than giving cash. The "cost" of your gift is often less than the deduction you gain by making it.
Next
- More detail on gifts of stock and appreciated assets.
- You can use our Stock Transfer Instructions.
- Frequently asked questions on gifts of stock.
- Contact us so we can assist you through every step.