Gifts of Securities
It may be advantageous to give securities. You can maximize the size of your charitable gifts, conserve cash you would have given, and enjoy multiple tax benefits. The gift is complete and thus deductible at the time of the transfer.
Key points to consider:
- Securities that are publicly traded and have appreciated over time. You can avoid the capital gains tax and obtain an income tax deduction for the full value of the securities at the time of transfer.
- Securities that have decreased in value. You should consider selling the asset and giving the cash proceeds, allowing you to claim tax benefits for both the capital loss and the charitable gift.
- Closely/privately-held stock. The Hertz Foundation can accept closely-held stock (e.g. from a new company) in most circumstances. Contact the Foundation to discuss the possibilities.
Securities Transferred Electronically
||Fannie and John Hertz Foundation
|Tax ID Number:
Please Note: To mail stock certificates directly to the Foundation, it is imperative to send the signed stock certificate(s) and the signed stock power in separate envelopes. This provides important safety should someone intercept one of the envelopes enroute to the Foundation.
Contact: Jayne Putnam Iafrate, CFRE
or call 925.583.2411