Securities or stocks held more than one year, and that have increased in value, make extremely effective gifts. Each gift of this nature serves a dual purpose: it furthers the mission of Habitat Berks while offering you financial and tax benefits.
The value of your gift will be based on the average of the high and low trading prices on the date Habitat Berks assumes ownership of the security. You are entitled to deductions for the fair market value of the stock on the date of the gift, plus you pay no tax on the capital gain value of the gift shares. A deduction of up to 30 percent of your adjusted gross income is available, with a five-year carry-over of excess deductions.
You can easily make a donation of securities through an electronic transfer authorization. To initiate the transfer of your securities, simply complete the transfer authorization form online and alert your broker of the transfer. Or you may can submit the transfer by mail, sending a copy of the authorization form to your broker as well as Habitat Berks. As stock donations transfer with no accompanying donor information, these forms allow us to properly recognize your generous gift and allows your broker to electronically transfer your securities to Habitat Berks.
For physical securities, we invite you to deliver them in person, by registered mail, or by courier to our office, including a copy of the authorization form so we can properly recognize your thoughtful donation. If the securities are registered in your name, please provide an Irrevocable Stock / Bond Power Form.
If you have questions regarding gifts of stocks and appreciated securities, we will be happy to walk you through this process. Contact Don Gemmeti by emailing email@example.com or calling (610)-373-3439 ext. 306.