Securities

TCF accepts many types of securities as charitable gifts. After the securities are liquidated, the full value of the gift is available to support your charitable goals.

Publicly Traded Securities, Bonds, and Mutual Funds
A gift of publicly traded stock, bonds and mutual funds can be used to establish or add to a fund. Appreciated securities held long-term often provide important tax advantages, as their full market value is generally deductible as a charitable contribution up to 30 percent of the donor’s adjusted gross income. Like gifts of cash, deduction amounts that exceed the limit can be carried forward for up to five additional years. When making a gift with appreciated securities, you can avoid a capital gains tax on the appreciated portion of the gift. Many people find that they are able to make a larger gift by using appreciated securities instead of cash.

Electronic Transfer of Securities Gifts
Securities that are held by a broker may be delivered by wire through the Triangle Community Foundation’s Charles Schwab account. Please contact .(JavaScript must be enabled to view this email address) to obtain our Schwab account number and to provide the following information prior to making the transfer: your name and contact information; broker’s name, firm and contact information; name of stock and number of shares being transferred; approximate date of transfer.

The stock or mutual fund will be sold as soon as possible after receiving the gift and an acknowledgment for tax purposes will be mailed to the donor.

Transfer of Securities Held in Your Name (“Paper Securities”)
You will need to complete the transfer provisions on the reverse of the paper stock certificate, being sure to sign your name, exactly as it appears on the face of the certificate. TCF will require a signed stock power form and letter of authorization. You may execute these documents yourself and deliver them with the stock certificate(s) by hand or arrange to have a staff member to meet with you for pick up. If sending a stock gift by overnight courier, we strongly encourage you to send the certificate under separate cover from the stock power and letter of authoriziation.

Deliver to:
Triangle Community Foundation
324 Blackwell Street, Suite 1220
Durham, NC 27701

Closely Held Stock / Partnership Interests
Closely-held stock, S-Corp stock, interests in limited liability companies and many types of partnership interests can also be gifted. As with publicly traded securities, the donor is able to deduct up to 30 percent of the donor’s adjusted gross income based on the fair market value of the stock. These types of gifts are somewhat more complicated, because the security interests are often subject to restrictions imposed by the business entity, and because valuation of these closely-held interests is not as readily apparent as with publicly-traded securities. We encourage you to contact us to discuss a gift of closely held interests, and work with a qualified professional to craft this type of gift.

Questions? Please call us at 919-474-8370.