A gift of appreciated securities is especially advantageous if the stock has been held long term (at least one year and one day).
Then the fair market value (based on the mean price on the date of the gift) is tax deductible, and the capital gain is not taxed.
To make a gift of stock now, provide your broker with the following instructions:
Deliver to: DTC #221
Account number: PY28409-1-B7
Account name: WHYY, Inc.
1735 Market Street, 36th Floor
Philadelphia, PA 19103-7501
Mutual funds (held longer than 12 months) are also deductible at full fair market value. This is also true for gifts of closely held stock. Mutual funds and closely held stock require special transfer procedures that should be discussed in advance with WHYY’s Major Gifts Office.
Please contact Roseann Oleyn, Vice President of Institutional Advancement, at 215-351-1223 or firstname.lastname@example.org to notify WHYY of the transfer details for prompt gift service and tax acknowledgment letter.