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Gift of Stocks

Stock Gifts

By giving appreciated property like stocks or bonds, you can avoid paying capital gains taxes on the appreciation, receive a tax deduction for the full value of the gifts and support Side By Side at a lower cost to you. Please check with your tax advisor to determine the full deductibility of your donation. Our tax identification number is 94-1156301.

When Side By Side receives a stock gift, our policy is to sell the stock as soon as possible after the receipt of the gift. If you wish to donate stock, please use the following procedure:

  1. Notify your broker that you are making a charitable gift to Side By Side.
  2. Instruct your broker to transfer the stock into Side By Side’s account at Charles Schwab:
    Charles Schwab & Co, Inc.
    Account Number: 8625-4691
    DTC #0164 Code 40
  3. After you have completed the transfer, please notify Christine Garcia to let her know the arrangements that you have made. This is important because your broker may not include your name in the transfer and we may not know who the stock is from. Notifying us enables us to track the transfer of the stock and acknowledge your gift promptly.

IRA Qualified Charitable Donations

In eligible tax years, individuals age 70½ or over can exclude up to $100,000 from gross income for donations paid directly to a qualified charity from their IRA. This is known as a Qualified Charitable Donation, and it satisfies any IRA required minimum distributions for the year.

Congress has extended the IRA charitable rollover for 2015 and beyond. This new law does not have an expiration date and is retroactive to January 1, 2015. If you are age 70½ or over and wish to direct a charitable donation to Side by Side through your IRA, please use the following procedure:

  1. Notify your broker that you are making a charitable gift to Side By Side.
  2. Instruct your broker to transfer the charitable donation into our account at Charles Schwab:

Charles Schwab & Co, Inc.
Account Number: 8625-4691
DTC #0164 Code 40

  1. After you have completed the transfer, please notify our CEO, Dr. Christine Garcia (see right side bar)  to let her know the arrangements that you have made. This is important because your broker may not include your name in the transfer and we may not know who the stock is from. Notifying us enables us to track the transfer of the stock and acknowledge your gift promptly.