Donating appreciated securities (such as stock or mutual funds) to GECAC is a tax-wise approach to providing for families in need.
Many donors choose to give gifts to GECAC using long-term appreciated stocks and mutual funds due to the attractive tax advantages associated with such gifts. If you would like to make a gift of stock to GECAC, we have provided stock transfer instructions. It is a simple, straightforward process.
How it Works
- Call your broker and ask him/her to initiate a "broker to broker" transfer. You would instruct your broker to donate the stock directly to GECAC.
- In the stock transfer instructions, GECAC has provided you with the name of our brokerage firm, the brokerage firm's Depository Trust Company (DTC) number, and the account name and number.
- Your broker can then transfer the securities directly to GECAC's account. It is important that the securities be transferred to GECAC's account prior to being sold in order to avoid capital gains taxation.
STOCK TRANSFER INSTRUCTIONS
Kimberly McCaslin, CFRE
Associate Vice President/Operations
(814) 459-4581 x446