Gifts of Stock, Bonds and Mutual Funds

Gifts of appreciated stocks, bonds and mutual funds often provide important tax advantages. If held for more than one year, their fair market value* is deductible as a charitable contribution of up to 30 percent of adjusted gross income. As with gifts of cash, deduction amounts exceeding this limit may be carried forward for up to five additional years. An added benefit of giving appreciated securities is the avoidance of the capital gains tax on the appreciated portion of the gift.  Please consult your professional advisor regarding your specific situation.

To ensure efficient processing of your gift, please contact Sally Cross at the Community Foundations of the Hudson Valley, 845-452-3077 to advise her of the gift and its purpose, and to complete the stock transfer forms below.  Please be prepared to provide your name, the name of the stock, the number of shares being donated, and the financial institution that is transferring the stock. 
 

If security to be donated is held by a brokerage:

 
 
Complete this Stock Transfer Letter below and give it to your broker, and also send a copy to the Community Foundation by fax to 845-452-3083.
Stock Transfer Letter

If stock to be donated is IBM held by your employer or brokerage:


Complete this Stock Transfer Letter below and mail to IBM Shareholder Services c/o Computershare, and also send a copy to the Community Foundation by fax 845-452-3083.

IBM Employer-Held Stock Transfer Letter

If stock to be donated is a physical stock certificate, You will need the following three items:


1.  Original Stock certificate -  IMPORTANT: Do not sign the stock certificate

2.  Irrevocable Stock/Bond Power
  • Complete the sections that refer to the stock being donated.  IMPORTANT:  Do not sign the form until in the presence of the bank personnel performing the “signature guarantee.”
  • If not already preprinted, on the upper right hand corner of the forms should be the following information:  Advisor # AID.  For value received …transfer to: “Community Foundations of the Hudson Valley ” Tax ID #23-7026859.  Please call the Community Foundtions at 845-452-3077 for our account number.
  • Bring the Irrevocable Stock/Bond Power Form to an appropriate financial institution or bank for a “signature guarantee.”
  • If not already preprinted, on the upper right hand corner of the forms should be the following information:  Advisor # AID.  Please call the Community Foundations at 845-452-3077 for our account number.
  • Complete the top section providing: Certificate, number of shares and issue date.
  • If not preprinted, complete: “all of which…place in the account of: Community Foundations of the Hudson Valley
  • NOTE: This form must be signed be signed at the time of obtaining a Medallion signature guarantee from a commercial bank, savings and loan, trust company, or credit union.  A notary public cannot provide a signature guarantee.

When all documents are complete, bring or mail them to the Foundation office.  Foundation staff will mail or deliver all certificates and forms to the Foundation’s Brokerage Firm.
 
NOTE:  If mailing original stock certificates it is recommended that you use certified mail and ship the unsigned stock certificate separate from the Irrevocable Stock/Bond Power and Third Party Release forms.
 
*Gift Value: Under IRS rules, gifts of publicly traded securities generally may be deducted based on their mean selling price on the date of the gift. The date of the gift is the date the securities are irrevocably received by the Community Foundation. Please seek the advice of your professional advisor for the tax deductible amount of your gift.