Donating a charitable gift of stock is a great way to support the mission of WEV, while receiving a tax deduction.
Some of the most favorable tax benefits are generated by contributions of appreciated, long-term, capital-gain securities. In addition to receiving a charitable deduction for the full, fair market value of such a gift, the donor escapes any potential tax on the capital-gains of the gift and any sales commission that would be payable upon the sale of the assets.
To help you facilitate a gift of stock to Women’s Economic Ventures (WEV), please use these instructions:
Step 1: Initiate the Transfer
Contact your broker to initiate the transfer.
Step 2: Notification of Donor Intent
In order for Women’s Economic Ventures to properly acknowledge a gift of stock, upon receipt, it is important that we are notified (call Danelle at (805) 456-2347 or email [email protected]) by the donor or transferring broker of the following:
Donor name and complete address
Name and number of securities transferred
Date of transfer
Step 3: Securities Delivered Electronically
DTC #: 0226
Firm: Fidelity Investments
Account #: Z72-174360
Women’s Economic Ventures
Tax ID #: 95-3674624
If you have any questions about this process, please contact Danelle Coyle, Development Manager, at (805) 456-2347 or email [email protected]
This information is not intended as legal, tax or investment advice. For such advice, please consult an attorney tax professional or investment professional.
Donating a charitable gift of stock is a great way to support the mission of WEV, while receiving an end of the year tax deduction.