Gifts of Securities | Stock Transfers
We are very grateful for your transfer of stock to St. Nicholas School. To facilitate the most accurate transfer, please notify us before you initiate a stock transfer so we can identify your gift when it is received and acknowledge it in a timely manner.
Donations of appreciated securities, usually common stock, provide a tax-efficient way of making your gift.
Gifts of appreciated securities held for more than one year entitle you to a charitable income tax deduction for the fair market value of the securities on the date of the gift. Additionally, you avoid the capital gains tax that would otherwise be due on the appreciation if the security were sold.
One caution: Depreciated securities (securities worth less than you paid for them) should not be given directly to St. Nicholas School. Instead, you should sell the securities to generate a tax-deductible capital loss (which can offset your capital gains up to $3,000 or ordinary income) and give the sale proceeds to St. Nicholas.
Your gift, whether cash or appreciated securities will be greatly appreciated.
For more information about giving opportunities to St. Nicholas School, please contact:
7525 Min Tom Drive, Chattanooga, TN 37421-1835