Donations of appreciated securities, usually common stock, provide a tax-efficient way of making your gift.
Gifts of appreciated securities held for more than one year entitle you to a charitable income tax deduction for the fair market value of the securities on the date of the gift. Additionally, you avoid the capital gains tax that would otherwise be due on the appreciation if the security were sold.
Please notify us before you initiate a stock transfer so we can identify your gift when it is received and acknowledge it in a timely manner.
For more information on gifts of appreciated securities, contact:
Carrie Shostak
Development and Foundation Lead
(205) 944-3907
cshostak@unitedability.org
To Donate Appreciated Securities (Stock):
Contact Conjia Bridges at Osborne & Associates | Merrill Lynch, Pierce, Fenner & Smith
Call (205) 298-7403 to state you wish to donate stock to United Ability and to notify her your broker will be transferring securities.
Contact your broker
Request for your broker to transfer securities directly to United Ability via DTC #8862 into Account #435-02851. For more information contact Carrie Shostak, Development and Foundation Lead, at (205) 944-3907 or email cshostak@unitedability.org.
Contact United Ability
Please have your broker email the number of shares, the company name, and your name to Carrie Shostak, Development and Foundation Lead (cshostak@unitedability.org).
Please Be Aware: DEPRECIATED STOCK
Depreciated securities (securities worth less than you paid for them) SHOULD NOT be given directly to United Ability. Instead, you should sell the securities to generate a tax-deductible capital loss and give the sale proceeds to United Ability.