Gifting Appreciated Stock to Charity

Donating appreciated stock can be better than giving cash! It is a cashless transaction that yields double tax benefits to you.

First, you receive an itemized deduction equal to the fair market value (FMV) of the stock. FMV is calculated as the high-low average of the stock price on the day you make the gift. The deduction is limited to 30% of your adjusted gross income (AGI). Any amount over the 30% AGI limitation can be carried forward for up to five years.

You’ll also avoid capital-gains taxes on the increase in value over time, which you would have had to pay if you sold the stock then gave the cash proceeds. This is for stock with a long-term holding period of more than one year. That is a savings of 20% capital gains tax and another 3.8% in net investment income tax.

Transfer of Stock

To transfer securities to The Ark Inc via electronic transfer Depository Trust Company (DTC), please use the following instructions: 

• Stifel Nicolaus & Company, Incorporated

  DTC#: 0793
  Account Name:  The Ark Inc
  Account  Number: 4145-6037
  Firm: Stifel Nicolaus & Company, Incorporated
  Firm Contact Person: Stifel Ruder Investment Group at (812)-475-9353
  Tax ID: 35-1553918
  Donor Name & Address: _______________________

In order to promptly and accurately credit a gift of security, it is essential that the DTC transfer instructions include your name and address.  If you do not indicate a specific use for the gift, it is assumed to be unrestricted.

Please notify Angie Richards Cheek, Executive Director, at (812) 423-9425 or angierc@arkcrisis.org of your pending stock transfer.  If you have questions, please call Ark Crisis Children’s Center at 812-423-9425

Ark Crisis Children’s Center does not provide tax, legal, or financial advice.