Giving Stocks or Securities

Giving publicly traded securities to Carondelet is easily done and tax-wise. When you give stocks, bonds, or mutual fund shares that you have held for a year or longer, the IRS allows you to give without recognizing capital gains on the appreciation.

The recent sharp rise in the secuirites markets make this an ideal time to make stock gifts while reducing tax obligations. Mike Barry, a Carondelet trustree and parent of two alumnae, explains how.

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How to make a stock gift

Transfer of ownership is managed electronically between your broker and the School’s broker, Morgan Stanley Smith Barney.

Your broker will need the following information to complete the transfer:
Broker: The North Bay Group, Morgan Stanley Wealth
Management Phone: 415.482.1505
Account Name: Carondelet High School
Account Number: 828-113572
DTC#: 0015

Once you have instructed your broker to make the transfer, please contact Elle Robinson, Director of Development at 925.686.5353 x194 or erobinson@carondeleths.org to inform the school of the name of the stock, number of shares, and how you wish to be recognized.

Your broker will be able to provide a value for tax-deduction purposes. Carondelet will value your donation at the median sales price on the day you instructed your broker to make the transfer.


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