Donate a Gift of Securities
There are several significant benefits that can result from gifts of securities. With certain limitations, you can deduct the full fair market value of long-term appreciated securities—that is, securities you have owned for more than one year and that have increased in value. Thus you can give away appreciated property and usually avoid the tax on the gain. Here’s how:
Call or write your broker and let them know that you want to make a gift of stock to the Humanitarians Of The World Inc. (Tax ID #11-3119342).
Your broker will want to know the name of the stock(s) and the number of shares you are contributing. After you have notified your broker, please call us at (718) 507 7616 and Speak to Steve Webner. We will need to know the name and telephone number of your broker, the name of the stock(s) and number of shares you are contributing. If requesting the transfer in writing, please mail a copy of the transfer request letter to the Humanitarians Of The World Inc.
Please remember that you don’t want to tell your broker to sell the stock and forward the proceeds to the Humanitarians Of The World Inc. This will jeopardize your tax savings benefits. Stock should be transferred to the HOTWINC’s account. The HOTWINC will notify you with the dollar amount of your gift based on the date the transfer is completed. Gift value is based on the average of the stock’s high and low price on the day of transfer.
For more information concerning ways to support the, Humanitarians Of The World Inc. please contact us. Telephone: 718 507 7616 or email: email@example.com