Making Gifts of Stock
If you are currently holding securities that have grown in value for more than a year, donating them to ProsperityME may be advantageous. If you own shares that are not generating much income, you can use them to help us continue our mission to empower, through education and counseling, members of refugee and immigrant communities to invest in themselves to build financial stability, careers, businesses, and wealth.
An outright gift of stock at its present market value. This allows you to avoid paying any capital gains tax and gives you a charitable income tax deduction based on the stock’s fair market value (FMV). The income tax deduction is equal to the FMV, up to 30% of your adjusted gross income. Any excess of that amount can be carried over and deducted for five additional years, within the limitations of the law.
How to Donate Stock to ProsperityME:
In order to transfer stock for ProsperityME, you simply need to provide your broker with the following information:
Charles Schwab & Co., Inc.
DTC Number: 0164
Account Name: ProsperityME
Account number 5829-8267
211 Main Street
San Francisco, CA 94105
Phone Number 415-667-1009
For support 24/7:800-435-400
Please notify ProsperityME by email (firstname.lastname@example.org) or give us a call at (207) 797-7890 to provide a description of the stock (I.e., number of shares and which stock) so we can track you gift. Upon receipt of the shares, ProsperityME will send you a letter of acknowledgement. If we can be of further assistance, please don’t hesitate to let us know.
Thank you in advance for your generous gift!