HOW TO GIVE
Gifts of Stock
Enjoy double tax savings
Gifts of appreciated securities can provide substantial income tax savings. If you have held securities for more than a year, you are allowed to deduct the market value of the securities without paying tax on the appreciation, for an amount up to 30% of your adjusted gross income in the year you donate. Amounts over 30% can be used over the next five years. Remember, do not sell appreciated securities and then donate the proceeds. Transfer the stock to Cabrillo to make full use of the potential tax savings.
If you wish to donate stock that has fallen in value, you should sell the stock at a loss and donate the proceeds. The loss can be used to offset gains, and you can receive the normal charitable deduction for donating the proceeds.
For your convenience in making a gift of publicly traded securities to the Cabrillo College Foundation, simply follow the steps below:
1) If your broker or bank holds your securities:
Please call your broker and let them know that you want to make a gift of stock to the Cabrillo College Foundation. They will want to know the name of the stock and the number of shares you are contributing. In addition, your broker will request the following information.
Cabrillo College Foundation investment firm: UBS
UBS DTC number: 0221
Cabrillo College Foundation account number: U8 49799
After you have notified your broker, please call the Cabrillo College Foundation Executive Director, Melinda Silverstein at (831) 479-6338 or firstname.lastname@example.org.
We will need to know the name and telephone number of your broker, the name of the stock and number of shares you are contributing and the purpose or designation of your gift.
Please remember, do not instruct your broker to sell the stock and forward the proceeds to the Cabrillo College Foundation. This will jeopardize the excellent tax benefits you would receive if the college arranges for the disposition of the stock.
The college will notify you with the high, low and average value of the contributed stock on the date of the transfer.
2) If you hold the certificates yourself:
Please mail the certificates without any endorsement or assignment along with a letter stating the purpose of your gift to the following address:
ATTN: Brian Sharpes
2185 North California Blvd., Ste. 400
Walnut Creek, CA 94596-9943
In a separate envelope, mail to UBS one endorsed Stock Power Form per certificate. Please call the Cabrillo College Foundation office at (831) 479-6338 to have a form mailed to you. Endorse each form exactly as your name or names appear on the front of your certificate(s). You do not need to include any other information on the Stock Power Form. Send these forms to UBS at the same address listed above.
Your stock certificates will not be negotiable until we have received both envelopes from you, so this is a very safe way to transfer your stock to the Cabrillo College Foundation. Your gift date will be established from the postmark of the envelope. We will notify you of the valuation of your stock based on that date.