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Gifts of Stock

A Gift of Stock

By making a gift using appreciated securities — stock, bonds or mutual funds — you can avoid capital gains taxes and take an income tax charitable deduction for the fair market value of the shares given to Foothill Country Day School. It’s important to follow the IRS rules to benefit from these generous tax savings.

  • Use stocks, bonds or mutual funds that you’ve owned for at least one year and have appreciated in value
  • Transfer the appreciated securities directly to Foothill – don’t sell them; you avoid paying tax on the capital gain when you give the shares to a non-profit charitable organization
  • FCDS, in turn, will sell the shares and no taxes will be due on the gain because 501(c)(3) charities like FCDS are tax-exempt
  • You can take an income tax charitable deduction for the fair market value of the shares transferred, up to 30% of your adjusted gross income
  • You can carry forward any unused deduction for an additional five years

How to Make a Gift of Stock

 Below are the instructions that should be provided to your broker:

DTC #8420 / The Bank of New York Mellon, National Association (BNY Mellon, N.A.)

Account Name/Registration: Foothill Country Day School

Account Number: UPL301423

Institutional ID Number/Agent Bank Number: 69595