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Gift of Stocks and Bonds

Gift of Stock and Bonds
What to Give
A gift of appreciated securities, including stocks or bonds, is an easy way for you to make a gift to Providence General Foundation.

Here are some of the potential benefits:

  • Avoid paying capital gains tax.
  • Receive a charitable income tax deduction.
  • Enjoy possible increased income.
  • Further our mission today!

Make your gift today by electronic transfer!

Gifts of stock and mutual funds are fairly easy, and as compared with a gift of cash, can be advantageous from the donor's perspective. You can make an outright gift of stock or use stock to fund a more sophisticated planned gift, like a gift annuity.

With stock that has appreciated in value, it is most beneficial for the donor to transfer stock directly to the Providence General Foundation. If the donor sells the stock and then provides the proceeds to the Foundation, you will need to pay capital gains tax on the profit. With stock that has depreciated in value, the best charitable option is reversed. The donor should sell the stock first and then donate the proceeds so that the donor can realize the income tax benefit of the loss.

The actual donation or transfer of stock is very simple. You simply instruct your broker to transfer the desired shares to the Providence General Foundation account below. Then notify the Providence General Foundation as soon as you have initiated your stock transfer transaction. This is important because sometimes stocks can be transferred with a donor's name inadvertently omitted. Securities will be valued as of the date the securities are received in the Foundation custodial account. The fair market value assigned to gifts of securities is the mean between the highest and lowest quoted selling price on the date of delivery of the gift. The Foundation will notify you with amount of your contribution deduction based on the date that the transfer is completed.

Information needed to electronically transfer stock to the Providence General Foundation:

Merrill Lynch
Sean Kelly or Sharon Morganti
2707 Colby Avenue, Suite 1401
Everett, Washington 98201
425-259-8343 or 425-259-8377

Your broker or banker will need the following information:
Providence General Foundation
Tax ID 91-1041617
Account #285-02019 – DTC #8862

Please also contact the Providence General Foundation at 425-258-7500 to notify us of your intention to transfer stock. Thank you for your support.

Send us your gift by mail

If you hold securities in certificate form, you will need to use two envelopes to complete your gift. In the first, place the unsigned stock certificate(s). In the other, include a signed stock power for each certificate. You may obtain this from your broker or bank. Please remember to use certified mail.