179 Boylston Street, 4th floor
Boston MA 02130 USA
email: info@GrassrootsOnline.org
tel: 617.524.1400
fax: 617.524.5525
Boston MA 02130 USA
email: info@GrassrootsOnline.org
tel: 617.524.1400
fax: 617.524.5525
Donating stock or other securities to Grassroots International
1. Why?
All gifts to Grassroots International give you the satisfaction of boosting the capacity of Grassroots International and our partners to do even more to advance the human rights to land, water and food. Donating stocks or other securities can give you the added benefit of avoiding capital gains taxes while claiming a deduction for the full value of the transferred shares. *
2. How?
The easiest way to donate stock is to have your broker transfer shares directly to our account. Please note that your name does not typically accompany the transfer of shares. Please contact carol@GrassrootsOnline.org, or call the office at 617-524-1400, to let us know the type of securities and number of shares you plan to give. This also applies to anonymous gifts, since it allows us to send a prompt acknowledgment, which you will need in order to claim a tax deduction.
Please provide your broker with instructions to transfer shares to:
Acct name: Grassroots International
Acct number: 672-335983
Custodian: National Financial Services
DTC number: 0226
Tax ID Number (Grassroots International): 04-2791159
If you have questions or wish to transfer physical certificates, please contact the office. We will work with you to make the transaction as simple as possible.
3. When?
The timing of your gift is entirely up to you. Please keep in mind that according to IRS regulations, the date of your gift corresponds to the date it arrives in our account, and the value for tax purposes is based on fair market value as of that date. Usually that distinction matters only in terms of timing for particular tax years. Please allow a little leeway for year-end gifts. And of course, stock and mutual fund gifts are welcome anytime!
* Things to keep in mind:
- To receive the full tax benefit, please ask your broker to transfer appreciated shares, rather than proceeds from the sale. If you sell the shares first, and then send Grassroots International the proceeds, you will owe capital gains tax on the appreciation.
- The rule on capital gains works in reverse. If you make a gift of shares that have depreciated in value, you lose the tax deduction for a capital loss. If your shares have declined since you bought them, sell the shares first, and then make a tax-deductible gift of the proceeds to Grassroots International. That way, you still have the option of claiming the capital loss as a deduction on your taxes.
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