Appreciated Securities
Gifts of appreciated securities are put to work immediately whether designated for unrestricted operating support, to fund a specific project, or to be invested as permanent endowment. This is an easy way to give and offers two tax advantages. First, the full fair market value of the stock is fully tax deductible. Second, by transferring stock directly to the Foundation, donors avoid capital gain taxes.
The quickest and most secure way to donate securities is to ask your broker to make a transfer from your account to the Foundation's broker through the Depository Trust Company (DTC). Make DTC transfers to:
Scott & Stringfellow, Inc.
310 4th Street, N.E.
Suite 100
Charlottesville, VA 22902
DTC #0702
For credit to account number: 83231508-CH11
Thomas Jefferson Foundation
(Federal Tax ID Number: 54-0505959)
Contact: Ellen Doyle or William Taylor: 1-800-868-7726 or (434) 971-8557
Please instruct your broker to add your name in the subject line of the transfer, so that we can identify you as the donor.
In addition to having you or your broker contact Scott & Stringfellow, it is very helpful to let the Foundation know the name and number of shares you are transferring. Alternatively, you may wish to deliver personally held stock certificates directly (view detailed instructions on how to do so) or to register securities in the Foundation's name. To alert the Foundation of a DTC transfer or for help with these other transactions, please contact Monticello's Controller, Tracy Lovelady, by phone at (434) 984-9806, or by e-mail at tlovelady@monticello.org.
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