Gifts of Stocks, Bonds and Securities

Historically, over 70% of the Haven’s revenues come directly from individuals who make donations by check, credit card, or gifts of stock. We couldn’t do it without you!

GIFTS OF SECURITIES

When you give long-term appreciated securities, you receive an income tax deduction equal to the market value of the securities, and you avoid capital gains taxes on the transfer. To deposit gifted securities into the Haven’s brokerage account, please have your broker email or call Laura Gillespie at the Haven (802-478-1803) to inform her of the official date of the gift. We need this information to furnish you with an accurate acknowledgment for your tax records.

STOCKS AND BONDS

Stocks and Bonds Held in Street Name

These securities can be gifted via a direct transfer (DTC) by giving your broker the following instructions: DTC #0164, code #40, of shares of XYZ to Charles Schwab & Co., Inc. for the account of the Upper Valley Haven, Inc. Account #2556-0410. You must state to deliver the securities for free. This means the donor will pay any transfer taxes due. Please call the Haven to inform us that a stock gift is on its way so that we can properly acknowledge your gift.

Stocks and Bonds Held in Certificate Form

You can sign the title of the certificate directly to the Upper Valley Haven. “Charles Schwab & Co., Inc.”, should be written on the attorney line for deposit into the account. If you sign the back of the certificate, then we can complete the remaining information required for deposit.

Mutual Fund Shares

Mutual fund shares are not DTC eligible. They require writing a letter re-registering the number of shares you desire to gift into a new account for the Upper Valley Haven. This letter should be signature guaranteed, and should read as follows addressed directly to the fund group: I desire to make a gift of my account balance, account #XXXXXXXX to the Upper Valley Haven, Inc. Please re-register # of shares of my XXXX Fund into the name of the Upper Valley Haven, Inc., tax ID# 03-0277908, 713 Hartford Ave., White River Junction, VT 05001.

Feel free to contact Laura Gillespie, by email or by phone at (802) 478-1803 with any questions regarding gifts of securities. We realize there are many ways for you to fulfill your philanthropic goals. We welcome a discussion with you about gifts of securities, legacy giving, and more.