Gifting Shares of Stock
Everybody wins when you make a gift of appreciated stock to the Community Foundation of the Northern Shenandoah Valley. Your gains are put to good use. Your gift of stock is reinvested in your community, and it qualifies for an immediate tax deduction based on the full market value.
You can donate to an existing fund, create a new fund that supports your charitable interests or donate to an annual campaign with a stock transfer.
The actual impact of such a gift on your personal taxes should be reviewed with your tax advisor.
Stock Donation Instructions
Below are the instructions for transferring the stocks to the Community Foundation of the Northern Shenandoah Valley’s account, which is administered by The Mason Companies. Please call us directly if you have any questions.
Should you decide to make a stock donation, please contact us to let us know your gift is on its way and to ensure your gift is applied to the correct fund.
From Another Brokerage Account
- To make a gift from your brokerage account to our brokerage account, send the Stock Gift Letter to your broker. Your broker will then send the requested shares to the Community Foundation of the Northern Shenandoah Valley’s account to the foundation’s holding account at Pershing via DTC (which is the technical term for electronically transferring shares of stock). Please advise us of the gift so that we may accept the shares.
- This is for gifts of stock only, excluding mutual funds.
To Donate Physical Stock Certificates
- Pershing will need the actual Certificate(s) with a signature guarantee on the back.
- A letter from the donor indicating that they are requesting the stock certificate(s) be donated to the community foundation, please use the full name of the foundation. The letter should list all the information that is on the front of the certificate(s).
- This letter will also need to be signature guaranteed.
- The donor needs to mail the stock certificate(s), with the Irrevocable stock bond power form(attached) and letter to:
Pershing LLC
Attn: Securities Received
One Pershing Plaza
Jersey City, NJ 07399
- Mason cannot mail these for the donor as there are custody issues.
- Once received, it can take 5 to 10 business days to be received in the account.
NOTE: Do not complete the back of the stock certificate. Use one stock/bond power per certificate and ship using certified or overnight delivery. Also, be sure to include the Community Foundation of the Northern Shenandoah Valley’s account number (931030129 ) at The Mason Companies on the face of each stock certificate.
- Please provide the Community Foundation with a copy of both Stock Gift Letter B and the fronts and backs of all stock certificates so we may accept the shares. You can mail a copy to: CFNSV, P.O. Box 2391, Winchester, VA 22604 or e-mail copies to us at director@cfnsv.org.
It is advisable to ensure that the certificate(s) they are wanting to donate are still actual securities with values or they may end up not being able to sell the shares.
Stock Gift Delivery Instructions
PAS Wire and Gift Instructions
Stock Gift Letter B
Irrevocable Stock or Bond Power