Gifts of Appreciated Stocks, Mutual Funds and Bonds

Gifts of long-term appreciated securities have the same positive benefit to the Library Foundation as a gift of cash, but are more beneficial to you. Gifts of appreciated securities are an excellent source for creating a Charitable Gift Annuity.

A gift of long-term, appreciated stock saves time and money in three ways:

  1. Your income taxes are reduced because of the charitable donation.
  2. You avoid the capital gains tax that would have applied had you sold the shares yourself.
  3. Stock giving can be convenient, especially when you have a few stocks that are “odds and ends” or fractional shares.

Making the transfer is simple; just follow these three easy steps:

  1. Create a letter similar to the one below.
  2. Send the original letter to your broker.
  3. Send a copy of the letter to Fairfax Library Foundation.

Please call 703-324-8300, or fax (703-653-1789), or email the Foundation with any questions.

Sample Letter

Dear [Broker name]:
Please consider this letter my/our request to transfer shares of [Company Name] from my/our account # _______________ to the following account:

Fairfax Library Foundation
General Endowment
Account #519-04C02
Merrill Lynch
DTC #5198
My/Our signature(s) have been notarized below.

CC: Fairfax Library Foundation
12000 Government Center Parkway Suite 329 Fairfax, VA 22035

End of sample letter