Gifts of securities, such as stock, that have increased in value are one of the most popular assets used for charitable giving because of the mutual benefits provided to the charitable organization (us) and the donor (you).
How it works...
Selling a stock or bond that has appreciated in value subjects the individual seller to a tax on that capital gain. A public charity, such as the National Academies, is not subject to income taxation therefore it can sell your donated securities without being subject to the capital gains tax. Additionally, a charitable gift of securities held for over one year often entitles the donor to an income tax deduction equal to the value of the security at the time it is given to the charity.
Now, ready to give...
First, please notify us of your intent to donate stock by following the directions on one of the institution-specific forms, linked below, so that we can accurately acknowledge your gift (donor information is not always complete in an electronic transfer).
•National Academy of Engineering Stock Gift Form
Note: If you would like to initiate a gift of stock to the National Academy of Sciences or National Academy of Medicine, please contact Shawn Neil, Director of Advancement Services, at 202.334.3823 or firstname.lastname@example.org so that we can accurately initiate and credit your contribution.
Note: Your stock is valued as the average of the high and low prices on the date of transfer - this is the date the stock was electronically transferred to the Academy or the date stamped on the U.S. Postal Service certified mail receipt.