Stock Transfer Gift
Thank you for your interest in making a charitable gift to Outdoor Afro in the form of a Stock Transfer.
For stock held in brokerage accounts, your broker can assist you in making a gift of stock via a direct transfer to Outdoor Afro. Giving a gift of publicly traded stock that has increased in value and that you have owned for more than one year may provide better tax benefits than giving cash. Your charitable income tax deduction is equal to the fair market value of the stock and you avoid paying the capital gains tax on any increase in the current value over the original cost of the stock. You may also save on brokerage fees because you are transferring ownership rather than selling the stock.
Account Info
Account Name: Outdoor Afro
Account Number: 62V-02014
Brokerage House
Merrill Lynch, Pierce, Fenner & Smith Incorporated
Financial Advisor
DTC Number: 0671
(510) 208-3828