Giving long-term appreciated stock offers you a two-fold tax saving. First, you avoid paying any capital gains tax on the increase in the value of your stock. Second, you receive a charitable income tax deduction for the fair market value of the stock on the date it is transferred. Make sure you have owned the stock for a "long-term" period (more than 12 months) to qualify for these tax advantages. Gifts of appreciated stock are fully deductible--up to a maximum of 30% of your adjusted gross income, with an additional five-year carry forward. Please check with your accountant or tax advisor regarding your particular tax status.
Example:
If you purchased stock many years ago for $1,000, and it is now worth $10,000, an outright gift of that stock to us would result in a charitable deduction of $10,000. In addition, you permanently avoid paying capital gains tax on the $9,000 of appreciation.
To facilitate the transfer of securities, please use the following information:
| Citicorp Investment Services | Name of Account: Spanish Speaking Unity Council |
| 111 Wall Street , 3rd Floor | Account #: 36C-00461-12 W60 |
| New York , NY 10043 | DTC #: 0418 |
| (800) 846-5200 | Tax ID #: 94-1670490 |
Please let us know in advance if you are transmitting securities by contacting Christine Comella, The Unity Council's Director of Development at 510/535-6940, or by email at ccomella@unitycouncil.org. You may also find it convenient to send us a copy of the letter of authorization to your broker. You can send it by fax to Development at 510/532-3894. Your gift is important to us and we want to provide you with an accurate acknowledgment. Please share the following information:
- Name of security to be donated
- # of shares to be donated
- Account number holding shares
- Investment bank/brokerage firm holding the shares
- Contact information for your stockbroker (name/phone number)
Your generous support of The Unity Council helps move people out of poverty through sustainable programs of economic, social and physical development.
