Fauquier County

Making a Charitable Gift of Appreciated Stock to MENTAL HEALTH ASSOCIATION OF FAUQUIER COUNTY

A gift of appreciated stock, bonds, or mutual funds can provide a greater tax benefit to you than gifts of cash. See “How to Transfer a Gift of Stock to MENTAL HEALTH ASSOCIATION OF FAUQUIER COUNTY”.

For an illustration of the benefit, consider this example:

Example

When Mrs. Anderson called MENTAL HEALTH ASSOCIATION OF FAUQUIER COUNTY last November she explained that the stock she owned had been purchased at $3.00 per share in 1989. The stock was now worth $150.00 per share and she made a gift of seven shares to MENTAL HEALTH ASSOCIATION OF FAUQUIER COUNTY. She was able to make this generous gift to the organization without incurring any capital gains tax.

If your year-end giving involves gifts of securities, remember these gifts can save you taxes in two ways — you receive a charitable deduction and you avoid the capital gains tax on the gift. And if your securities have depreciated (i.e. if the net value is less than what you paid for them originally) you can sell them and give the proceeds to MENTAL HEALTH ASSOCIATION OF FAUQUIER COUNTY. This allows you to claim the loss when you file your taxes next April and take the charitable deduction for the amount of your gift.


How to Transfer a Gift of Stock to Mental Health Association of Fauquier County

For Transfer Directly to our Broker:

1st Global Capital Corp: DTC# 0226

For Mental Health Association of Fauquier County Acct. #EBP-747319 

Mental Health Association Account Representative is:

Ken Graves, CPA, MBA
Senior Financial Planning Specialist
NIL Financial Services LLC
1966 Greenspring Drive
Suite 405
Timonium, MD 21093

410-616-2033, or 1-800-772-1065 x1919

For Transfer Directly to Mental Health Association of Fauquier County:

Send the unsigned stock certificate by registered mail or by some other mail method that can be tracked. Then in a separate mailing (do not mail with the stock certificate) send the signed stock power. Both envelopes should be addressed to:

Ken Graves, CPA, MBA
Senior Financial Planning Specialist
NIL Financial Services LLC
1966 Greenspring Drive
Suite 405
Timonium, MD 21093

You can view a sample transfer letter by clicking here.

 

TopTop
The Mental Health Association of Fauquier County // PO Box 3549 // Warrenton VA 20188 // (540) 341-8732 //  mhafc1@gmail.com