Maximize Your Impact by Giving Appreciated Securities
Did You Know?
Giving appreciated securities is a strategic way to make a meaningful gift to Veritas.
If you have held your stock for at least a year, you can deduct the full fair market value, regardless of what you originally paid. Additionally, you won’t need to pay capital gains taxes on the gift.
Cash vs. Stock Gifts
Then Give Cash
Directly to Veritas
||Stock value at purchase
||Current stock value
||Capital gains and Medicare surtax paid
||Total contribution to Veritas after federal taxes
||Income tax savings on contribution
If shares are held in an existing account:
Step 1: Transfer Share
Direct your broker to make an electronic transfer of shares to the Veritas account. Sample language:
I wish to make an irrevocable gift to Veritas of “XX” shares of “Name of Corporation.” Please transfer the stock via DTC as follows:
- Fidelity Investments
- FBO The Veritas Forum, Inc.
- DTC #: 0226
- Account Number: Z73-228109
Once the stock is received and transferred into Veritas’s account, we will be notified.
Step 2: Let Us Know
To receive a receipt from Veritas, please send a copy of your broker correspondence to us and include any gift designation if applicable. In your correspondence, please include your name, name of stock, the number of shares, and name of brokerage.
Please send to:
The Veritas Forum
PO Box 380807
Cambridge, MA 02238
Phone: (617) 491-2055
Determine Date of Gift
Date of gift is determined by the act of relinquishing the stock.
Electronic transfer gift date is the date the shares are received in Veritas’s account. If the gift is mailed through a private service it is complete on the day Veritas receives the mail containing the stock certificates and signed power documents. If it is mailed through USPS, the gift is complete on the date of the postmark of the last envelope to arrive at Veritas (if they do not arrive at same time). If delivered by hand, the date of the gift is date of delivery.
Receipts to donors will include the number and types of shares. The giver of publicly-traded stock will be credited with the fair market value which is the average of the high and low trading prices on the date of the gift.
Liquidation of Stock
Stocks are liquidated once Veritas receives them or when the Veritas broker notifies the organization of the shares transfer to a Veritas account.
Please contact Development@Veritas.org to learn more about gift stock or other appreciated securities.