How Now, Dow?
Gifts of appreciated securities that have been held for longer than 12 months offer a two-fold tax savings:
- If a donor itemizes deductions, he or she may receive a charitable income tax deduction for the full fair market value of the securities on the date of the gift (the average of the high and low trading prices);
- The donor does not pay capital gains tax on the increase in the value of the securities.
This tax-savvy plan can help support the Jewish community, as gifts to Federation may be used to support myriad giving opportunities, from our Annual Campaign to Legacy Giving, Capital Campaign, Supplemental Funds, Special Campaigns and/or Designated Giving and Pass-Through Gifts!
Gifts of securities may be deductible up to 30% of your adjusted gross income.
Excess deductible amounts may be carried forward for five years.
If your broker holds your securities, instruct him or her to electronically transfer the securities to the Jewish Federation of Palm Beach County. The gift is considered complete on the date the securities are transferred and received into Federation's account.
If you hold the securities, send or deliver the unendorsed stock/bond certificate and a signed stock power to Federation in separate envelopes. If the stock is registered in more than one name, each person must sign the power stock form. If you are giving more than one type of stock, send a stock power form for each stock. The gift is considered complete on the date when both items are postmarked or hand-delivered to Federation.
Our mailing address is: 4601 Community Drive, West Palm Beach, FL 33417.
Please be sure to notify Federation before making your gift of securities. Include the date, stock name, number of shares and cost basis. Without prior notification, stock gifts transferred to Federation without the identity of the donor make it difficult to credit and acknowledge the donor.
We invite inquiries about the information contained here and about other charitable planning opportunities. Phone Joyce McCord at 561-242-6684 or email. Federation will also be pleased to work with your professional advisor on a plan that is best for you. All inquiries are confidential.