Skip to content

Why Make A Stock Gift:

Gifting appreciated stock is one of the most effective strategies for tax savings available*. In addition to supporting causes that you care about, there are two main benefits to the donor when transferring appreciated stock to 501(c)(3) charities like the Beta Theta Pi Foundation:

  • Capital gains tax is avoided on the stock
  • You will be eligible to receive an income tax charitable deduction for the full fair-market-value of the stock at the time of the gift

 

How To Make a Stock Gift:

In order to take advantage of the tax benefits listed above, appreciated securities must be transferred directly to the Beta Theta Pi Foundation. Do not sell the security in the open market then try to donate the proceeds to charity as you will be taxed on the stock's capital gains. Instead, work with your broker to initiate a charitable stock transfer.

Nowadays, nearly all stock transfers are wire transfers, so all that is necessary is to share the wire instructions below with your broker/brokerage firm. Upon receipt of a stock gift, the Beta Foundation will immediately sell the stock and earmark the dollars to the fund of your choosing (donation value determined by averaging the selling day's high/low stock price, then multiplying by the total number of shares).

 

WIRE TRANSFER INSTRUCTIONS TO SHARE WITH YOUR BROKER:

DTC (Depository Trust Company) #0164 Code 40
(Charles Schwab & Co., Inc)

FBO: Account Number:  4919-6335 (Beta Theta Pi Foundation)
Tax ID Number 80-0296934

Account Address: Charles Schwab & Co., Inc
Attn: IST 9
PO Box 628290
Orlando, FL 32862

Charles Schwab & Co., Contact:
Rachel Lasure, 877-553-7699

 

PLEASE CALL LAURA LEDNIK AT 800.800.BETA IMMEDIATELY AFTER YOU INITIATE THE STOCK TRANSFER TO DISCLOSE WHICH SECURITIES AND NUMBER OF SHARES YOU ARE TRANSFERRING. THIS WILL HELP ENSURE YOUR GIFT IS DIRECTED TO THE APPROPRIATE FUND AND ALLOW US TO SEND YOU A CONFIRMATION OF YOUR GIFT. 

Laura is also available if you have any general questions about Beta’s Stock Giving program, including gifting paper stock certificates.

*Please consult with your own legal and financial advisors for professional tax advice

Scroll To Top