Making a Stock Gift

Make a gift to MVCDS transferring appreciated securities instead of writing a check! By doing so, you may avoid the tax due on the capital gain AND you may receive an income tax deduction for the fair market value of the security.
 
For example, if you give stock with a fair market value of $1000 for which you paid only $100, the "cost" to you for making the gift is only $100! Plus, you may be able to deduct the full $1000 from your income tax, thereby reducing your "cost" even further. 
 
To donate stocks that are held in your brokerage account (at your brokerage house), simply provide your financial advisor with the following information: 
 
Wells Fargo
Account Number: 5653-7067
Depository Trust Corporation: (DTC) 0141
PLU Federal Tax ID #: 34-4431301

Benefits:
For most gifts, the charitable deduction is the fair market value of the securities at the time of transfer. 
 
The donor avoids capital gains taxes. The donor pays no brokerage fees or sales commissions.  Donors may claim an income tax deduction for the full market value of the securities up to a limit of 30% of adjusted gross income. You may carry any excess forward for an additional five years.
 
Closely held stock or S Corporation stock
Closely held stock, S corporation stock, limited liability company interests, and partnership interests can sometimes be used to make a charitable gift. Any proposed gift of such assets should be reviewed with MVCDS and your tax advisors in advance. An S corporation, limited liability company, or partnership may also make gifts to the school, in which case any deduction generally will be allocated proportionally among shareholders, members, or partners.

For more information or questions please call Amy Hunt, Director of Advancement, 419-381-1313 x110.

Questions?

Contact any member of the Advancement Team listed below

School Information

1715 South Reynolds Road
Toledo, OH 43614
p: 419-381-1313
f: 419-381-1314
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Maumee Valley Country Day School is the only Preschool - 12th grade accredited, co-educational, independent school in Northwest Ohio and Southeast Michigan.