Gifts of Securities

February 3, 2017

Gifts of appreciated assets enable you to be charitable and tax-savvy at the same time. In most cases, stock gifts provide an immediate tax deduction based on the current market value of the asset and may also help decrease or eliminate tax on the capital gain even though that “profit” is counted as part of the donor’s charitable deduction

For example, Mary bought ABC stock for $2,500 in 1990. Today the stock is worth $10,000, resulting in a long-term capital gain of $7,500. By donating the $10,000 worth of stock to the Solve ME/CFS Initiative, Mary receives a tax-deduction (usually the full fair market value of the property if owned for more than one year) and also avoids capital gains tax on the $7,500 appreciation of her stock while our organization receives the full $10,000.

To donate stocks, bonds or mutual funds, instruct your broker to transfer the securities to the Solve ME/CFS Initiative per the following information:

DTC Number 0141
Brokerage Firm Wells Fargo Advisors, LLC
Contact Bailey Bartee, phone: 800-955-2522 or 704-552-7222
fax: 704-554-1426
New Owner Solve ME/CFS Initiative, Inc.,
5455 Wilshire Blvd, Ste 1903, Los Angeles, CA 90036-0007
Federal Tax ID 56-1683450

The Solve ME/CFS Initiative does not provide legal or financial advice and urges you to consult your attorney, financial planner or accountant regarding specific tax and financial implications of your charitable contributions.