There are many benefits of donating appreciated securities that you have owned for over a year. Donating appreciated securities can be a very effective and tax-efficient way for you to support Yavneh. This type of gift may potentially allow you to avoid paying capital gains taxes on the sale of the securities while also receiving a tax deduction for the full market value of your donation.
Should you decide to make a gift of appreciated securities to Yavneh:
1) Please contact Marci Jerome in Yavneh's Business Office at 201-262-8494, ext. 319 or [email protected] so that Yavneh is prepared to receive the transfer from your broker and so that your gift is properly acknowledged.
2) Submit the following instructions to your broker who will facilitate direct transfer of your appreciated bonds or stocks to Yavneh's account at Merrill Lynch:
DTC number: 8862
Credit to Yavneh Academy, Account 830-04D37
Yavneh's tax identification number is 22-1613659
Please keep in mind that this is not intended to be tax advice and you should consult your own tax advisor to discuss your specific tax situation.
Thank you for supporting Yavneh Academy!