Gifts of securities are easy to make and may offer you and your family significant tax advantages. You receive a full, fair-market value tax deduction and you avoid paying capital gain taxes on the appreciated value.
Simply contact your broker to determine which stocks and the number of shares to donate. Provide your broker with the following transfer information:
George School DTC #0571
Account Name: George School
Important: Please also contact George School at email@example.com or call Alicia Plaag at 215.579.6566. Let us know your name, the stock name or symbol, and the number of shares you are transferring. This will ensure that your gift is properly credited.
Security Gifts that Require Special Handling
Mutual funds and gifts made near the end of the calendar year require special handling. Please contact our Oppenheimer representative, Brian Walsh at 215.656.2885 or Brian.Walsh@opco.com prior to beginning the transfer process.
Calculating the Value of the Securities
Your gift of securities is valued according to the average of the high and low price of the stock on the day it actually arrives in the George School account. Your gift receipt will contain the actual gift value as the information used to calculate that value (the name of the stock, the number of shares, the high and low prices, and the calculated average). This is everything you need to document your tax deduction.