Gifts of Stock
The advantage of a stock donation is that you – the donor – avoid paying capital gains tax on the market value appreciation of the shares. This tax benefit can reduce the cost of the gift when long or mid-term appreciated stock is donated.
How to Transfer Stock Electronically That is Held in a Brokerage Account
Transferring shares electronically via DTC (Digital Transport Communications) is the easiest way to give stock.
DTC (Depository Trust Company) Transfer
Step One:
Direct your broker or custodian bank to make the transfer to Congregation Chevra Thilim. Your broker or custodian bank is likely to ask you for a letter of instruction before the transfer can be made. Provide the following DTC transfer information for Congregation Chevra Thilim to your broker or custodian bank:
- Brokerage Account: Vanguard
- Account Name: Congregation Chevra Thilim
- Account #: 15448482
- DTC #: 0064
- EIN (Tax ID): 94-1212146
Step Two:
Notify Congregation Chevra Thilim of your gift. Send a copy of your letter of instruction via any of the following methods:
Email: chani@sfshul.org
Mail: Congregation Chevra Thilim
751 25th Avenue
San Francisco, CA 94121
Please be sure to include the following information:
- Number and type of shares
- Company name(s)
- Purpose of gift
- Date that you instructed your broker to make the transfer
- Name of brokerage
- Brokerage account representative
PLEASE NOTE: Your gift will be dated according to the day the shares enter Congregation Chevra Thilim's account. The value of your gift will be based on that date.
Year-end gifts: Be sure to allow extra time for the transfer from your broker’s account to Congregation Chevra Thilim's account, and emphasize to your broker the importance of completing the transfer by December 31. When the 31st falls on a weekend, the transfer should be completed by the preceding Friday.
Thank you for your support!
Questions? Please email us at chani@sfshul.org or call 415.948.6058