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
After making your gift
Once you have instructed your broker to make the transfer, please contact Summer Staino, Executive Director of Development, at 925.686.5353 x160 or email@example.com 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.