Stock Gifts

Hertz Fellow Ashvin Bashyam

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
Brokerage: TD Ameritrade
DTC Number: 0188
Account Name: Fannie and John Hertz Foundation
Account Number:  927-005836
Tax ID Number: 36-2411723

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 Email or call 925.583.2411