Securities

Benefits of Donating Stocks, Bonds and Mutual Funds

If you hold securities which would result in a long-term capital gain if sold, you can make an outright gift to St. George’s and realize substantial savings on capital gains tax on the appreciation. Thus, the actual cost to you as a donor is often far less than the value of your gift to the school. You have to have owned the securities for at least one year.

St. George’s receives the current value of the stock and you receive a tax deduction for its fair market value. Example, you purchased $1,000 worth of stock in 2016, that stock is now valued at $10,000. If you sold it today, you would pay capital gains of 15-20% on $9,000. Whereas, if you transfer the stock to St. George’s you will not pay any capital gains tax, and your $1,000 investment is a $10,000 gift to St. George’s. You can deduct the $10,000 donation from your AGI (adjusted gross income).


It's simple to make a gift of stock to St. George's!

 

Submit this form

St. George's will receive the information provided about your intentions so we can process, receipt, and credit your gift of stock when it arrives.

Contact your broker

It is recommended that you consult with your tax advisor to discuss the latest IRS rules and regulations.

To complete your gift of stock, instruct your broker to transfer the securities to the account of St. George’s School at Merrill Lynch, Mail code: RI1-537-06-04, One Financial Plaza, 6th Floor, Providence, RI, 02903. Depository Trust Company (DTC) #8862, Account #6QV-02149. For help at Merrill Lynch, you may call Wendy Johnson at 877-343-1992 or 401-278-7018.

Once the stock is in the St. George’s account, you will receive a letter from St. George’s valuing your gift by the mean value per share on the date it arrived in the school’s account.