APPRECIATED SECURITIES
Donating appreciated securities, including stocks or bonds, that have been held for more than one year offers you the chance to support our work while realizing important benefits for yourself. When you donate stock that has appreciated for more than a year, you are actually giving 20% more than if you sold the stock and then made a cash donation. This is because you eliminate the capital gains tax on the transfer. Currently, the maximum federal capital gains tax rate is 20% on long-term holdings.
Per IRS regulations, gifts of stock are recognized on the day of transfer into Portsmouth Abbey School’s account and valued at the average of the high and low share price on the date of transfer. It is our policy to sell securities upon receipt.
Please provide your account manager with the following information to facilitate the transfer:
DTC Number: 0226
Account Number: Z50-058130
Tax ID: #05-0258947
Account Name: Order of St. Benedict in Portsmouth, RI (Endowment)
Broker Information:
Fidelity Investments
Attn: TOA Receives
PO Box 770001
Cincinnati, OH 45277-0036
If your broker has any issues with the transfer, please contact: Customer Service at 800-544-6666
Contact the Office of Development & Alumni Affairs at 401-643-1269.
The information on this website is not intended as legal, financial, or tax advice. Please consult an attorney, financial advisor, or tax advisor in your planning.