Give a gift of stock or appreciated securities
A gift of stock or mutual funds before December 31st could be your best way to maximize tax savings and meet your charitable giving goals this year.
Even if your stocks have lost value since you purchased them you can receive tremendous tax advantages. The key is in how you give the securities. Consult with your financial advisor and consider the following tips.
The smart way to give depreciated stock
For stocks that have lost value (depreciated) the key is to sell them first and then give the cash proceeds to NWPP. You benefit tax-wise in two ways – you can take both the loss deduction and the charitable deduction.
The smart way to give appreciated stock
For stocks that have increased in value (appreciated), the key to receiving tax savings is to donate the shares directly to NWPP. You receive a double tax benefit by:
- Avoiding capital gains on the profit you’ve gained, and
- Receiving a full tax deduction for the fair market value of your gift.
Making a stock gift is easy! Simply use the brokerage information below.
For gifts of appreciated securities, please provide your broker with the following information to facilitate the transfer of shares:
Donating Stock to Northwest Pilot Project
Northwest Pilot Project has an account with Charles Schwab that allows our organization to receive stock donations.
Account Number: 1384-6013
Delivery to DTC Clearing 0164, Code 40
For Client Services call IMS Capital: 503-788-4200
Process for making a donation of stock
To expedite the processing of your gift, we suggest that you contact us with information about the type of stock and number of shares, as well as any special considerations you may have.
After the stock has been received in our Charles Schwab account, our investment manager, IMS Capital will sell the stock at market price and transfer the funds to NWPP’s bank account at Umpqua Bank. NWPP will then issue a receipt for tax purposes and send you a thank you.
Please direct information about your gift and any other questions to: