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Stock Giving

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.

How to make a stock gift

Transfer of ownership is managed electronically between your broker and the School’s broker, Merrill Lynch, Pierce, Fenner & Smith.

Your broker will need the following information to complete the transfer:

Broker: Merrill Lynch, Pierce, Fenner & Smith Incorporated
Account Name: Carondelet High School
Management Phone: 212-236-9196
Account Number: 5AX-03997
DTC: 8862

After making your gift

Once you have instructed your broker to make the transfer, please contact Lynne Kenny ’86, Director of Carondelet Fund, at 925.686.5353 x194 or lkenny@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 the gift is given.

 


Make stock gifts while reducing tax obligations. Mike Barry, a Carondelet trustee and parent of two alumnae, explains how.

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