Gifts of Stock

Gifts of appreciated stock or other securities owned for more than a year afford the benefit of a full-market value donation to the Society while you avoid the onerous capital gains tax and obtain a charitable deduction on your current federal and state income tax.  Or if your stock has decreased in value, you should consider selling it first and then contributing the proceeds to the Society, which allows you to receive a tax deduction for both the capital loss and the charitable gift.

Donating a gift of stock to the Society is easy.  If your stock is held in a brokerage account, you may simply instruct your broker in writing to transfer the shares to the Society of St. Vincent de Paul account listed below, along with the account number and DTC for the brokerage. Please be sure to note if the gift is unrestricted or should be used for a specific program, and then have a copy of the letter sent to the Society to ensure that you are credited for the gift and that your generosity is properly acknowledged.

                   
  Brokerage Name    DTC Number    Account No. 
  Bank of America Investment Securities   #0226       #W70-146501

Sample Letter to Your Broker:

 

Dear Broker’s Name:
This letter is to direct you to transfer _________ shares of stock in (company) from Account #________ in my name (or in the name of ______) to the account of the Society of St. Vincent de Paul, Council of Los Angeles, Tax I.D. # 95-1644622, at: Account # W70-146501, Bank of America DTC #0226.  This gift is (unrestricted/restricted) to be used for _______________.

Your Signature
& your address

For more information please contact:

Grace Casian – 323.276.6084