Securities

Gifts of appreciated securities provide immediate benefit to the agency and, in many cases, a tax deductions for the donor. Capital gains taxes can be avoided, and often the full-market value of appreciated securities can be deducted if they have been held for longer than six months.

Donors may save in two ways!
1. Your contribution of securities with long-term capital gains (property held for more than one year) earns a charitable deduction equal to the property's full fair market value (subject to a limit of 30% of adjusted gross income). Consult your tax advisor.
2. Your outright gift of securities also avoids capital gains tax on the property's appreciation.

Your gift of securities can be designated to benefit any program and there are several ways to transfer securities. This ultimately will depend upon how the securities are held (e.g. street name, physical certificates, etc.). If making an electronic transfer it is imperative that you or your broker contact Chris Carroll, Director of Development (203) 877-0300, ext. 131, so the gift can be properly acknowledged and applied to the designated program. Electronic transfers give no indication where or from whom the stock came when it is electronically transferred to the agency's account. Please note if you plan to make an electronic transfer, they are not immediate. It may take days from the time you or your broker has put in the transfer order. The value of your gift of securities will be credited, by law, at the mean between the high and low of the securities on the day the shares appear in the agency's account. If time is of the essence, please alert our staff when you call for instructions.

Mutual Fund Shares are subject to additional regulatory requirements and may take longer to complete (up to 10 weeks), so please allow yourself plenty of time to make this gift.

Depreciated Securities: Generally donors choose to sell depreciated securities. Please contact the Development Office before making any gift of securities.

Closely-held or Restricted Securities: Gifts of stock in a closely-held corporation usually allow donors the same benefits as the contribution of other securities; however, Internal Revenue Service and Securities and Exchange Commission rules must be strictly observed and the donor must obtain an appraisal. Such gifts may take time to transact. Please contact the Development Office when you first consider such a gift.