Gift of Stock

A gift of appreciated stock generally offers a two-fold tax savings. First, you avoid paying any capital gains tax on the increase in value of the stock. In addition, you receive an income tax deduction for the full fair market value of the stock on the date of the gift. Subtracting the tax savings from what you originally paid for the stock can result in a gift that costs just pennies on the dollar. This is an excellent vehicle for stock that has appreciated substantially in value.

You can transfer stock to KPCW electronically via the Depository Trust Company (DTC). Simply provide the instructions below in writing to your broker. The securities will then be transferred to KPCW's account.

Transfer Instructions:

Bank One Brokerage Account
DTC # 0443
Account Number: 60A-545817
Donor's Name and Address
Name of security and number of shares
Contact at Bank One: Brian Wade
Phone: 801.481.5108 or 435.649.8052

Note: Please advise your broker to include your name in the DTC transfer instructions. Additionally, either you or your broker should notify KPCW of the incoming gift to further ensure proper credit. Call Suzy Hanney at (435) 649-9004 or email at shanney@kpcw.org.