Gifts of Stock and Other Securities
If you are holding appreciated securities (stocks, mutuals, etc.), a big capital gain can turn an asset into a liability when it comes time to sell. For example, if you own securities valued at $5,000 for which you paid $2,000, you will have a $3,000 capital gain upon sale of the securities, resulting in approximately $600 in taxes.
If you have held securities for over one year and donate them to Helen Keller International, you not only avoid the $600 capital gains tax, but receive a charitable deduction for the full $5,000. In a 35% tax bracket, this will save you $1,750 in income taxes. You can make a gift that is worth more than you paid for it. You can avoid paying the capital gains tax, and you will get a tax deduction for the full market value at the time of the gift.
Direct wire transfers
Electronic transfer of securities is easy and prompt, with no need for reissued certificates and registered mail.
Included below is all necessary information for your broker to initiate an electronic transfer of securities to Helen Keller International:
Merrill Lynch DTC: 5198
Merrill Lynch Agent: 27790
Account Name: Helen Keller International, Inc.
Merrill Lynch WCMA Account
Account: 5AV-04A34
Unless you choose to give anonymously, please be sure to either notify us that a transfer is pending, or have your broker indicate your name and acknowledgment information. You can contact us by email or call toll free: 1-877/KELLER-4 (1-877-535-5374).
Paper transfers
Please sign the back of the original stock certificate and mail it to us with acknowledgment information and any other instructions to:
Helen Keller International
352 Park Avenue South, Suite 1200
New York, NY 10010
ATTN: Major Gifts Department
If you have any questions or need more information on donating securities to Helen Keller International, contact:
Helen Keller International
352 Park Avenue South, Suite 1200
New York, NY 10010
Telephone: + 212-532-0544
Toll-free: 1-877/KELLER4 (1-877-535-5374)
Click here to e-mail.
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