It's easy to sign over stock to someone else. If you have the actual paper certificate, simply sign it in the presence of a notary, and send it away. Deliver this valuable paper as safely as you can, either by hand, a trusted courier, or certified and insured mail. When you signed it, you essentially put it up for grabs.
Most brokerages don't send you certificates anymore. In that case, call your broker and ask to transfer the stock directly to the recipient of your gift. Then, it's a good idea to tell the party that the gift is coming. That's it--all done.
Benefits
-
• You receive gift credit and an immediate income tax deduction for the fair market value of the securities on the date of transfer, no matter what you originally paid for them.
• You pay no capital gains tax on the securities you donate.
• You can direct your gift to a specific fund or purpose.
• You have the satisfaction of making a significant gift now or funding a life-income gift that benefits Sanctuary Friends Foundation of the Florida Keys later.
Now is the time to think about what you want for the future. By making a stock gift to SFFFK, you not only support the organization but you also help you and your family. To find out more, contact us through our online form.