How to Make Gifts 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:
If Your Broker or Bank Holds Your Securities
Call or write your broker and let them know that you want to make a gift of stock to the Lupus Research Alliance (Tax ID #58-2492929). 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 (212) 218-2840. 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 Lupus Research Alliance, 275 Madison Avenue, 10th floor, New York, NY, 10016.
Please remember that you don't want to tell your broker to sell the stock and forward the proceeds to the Lupus Research Alliance. This will jeopardize your tax savings benefits. Stock should be transferred to the Lupus Research Alliance's account. The Lupus Research Alliance 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.
Brokerage Account for DTC eligible securities
The Lupus Research Alliance maintains an account with Morgan Stanley. Make sure to provide your broker with the following account information when requesting a stock transfer. Then, please call us at 212-218-2840 to confirm your request.
Broker Account Number DTC # Account Name
Morgan Stanley 876-027127-622 0015 Lupus Research Alliance Inc.
For More Information:
For more information concerning ways to support the Lupus Research Alliance, please contact us.