Gifts of stocks, bonds and mutual funds to Futurewise can be a tax-wise contribution. If you own stock that has appreciated in value and would like to sell it, you will pay capital gains taxes on the increased value.
If you donate the stock to a charitable organization, however, it is exempt from taxation. Your donation will support Futurewise, and you will be able to deduct the stock at its full market value, generally up to 30% of your adjusted gross income.
If you hold stocks or bonds with a broker, you may transfer the
securities electronically by instructing your broker to send the securities
to Futurewise's account at Scottsdale Securities through the Depository
Trust Company (DTC). You will need to send a letter to your broker with
written instructions. This is the information you will need:
- Phone: 206-264-0123
- DTC: 0705
- Futurewise account number: 10002503