Save by Donating Stock

Many donors hold stocks that have appreciated significantly in value. For example, if a donor has securities worth $5,000 which were bought years ago at $1,000, and the donor desired to sell these securities, he/she would be faced with anywhere from $600 to $1400 Federal Capital Gains tax depending on the how long the securities were held and the year in which they would be sold in addition to applicable state taxes. (The rate and required holding periods have been changed under the latest tax law revision.) If, while holding these securities, the donor decided to make a $5,000 contribution to the Foundation and he/she chose to use the funds from the stock sale, he/she, would have only $3,600 to $4,400 available from the appreciated stock sale to donate. If, however, the donor chose to donate the securities instead of cash, the full $5,000 stock value would be available for donation. Upon receipt of the certificate or notification of the transfer of securities into a Jewish Federation Foundation brokerage account, the Foundation will provide the donor with an appropriate receipt for tax purposes. The value assigned will be the average of the high and low trading price for the security on the date of transfer.

How to Donate Stock
There are two primary ways to donate securities to the Foundation: transfer of securities from donor brokerage account to any one of several Foundation brokerage accounts or delivery of stock certificates to the Foundation.

Step #1
Contact your broker to make arrangements to transfer securities to the Foundation brokerage account listed below.

Step #2
Contact Donna Albertario of the Foundation office at 203-267-3177 ext. 108 on the date you contact your broker and advise the name and the number of shares of stock to be transferred.

IMPORTANT: Please ask your broker to notify Donna Albertario, in writing, at the Foundation, Jewish Communities of Western CT, Inc, 444 Main Street North, Southbury, CT 06488 at the time of stock transfer: Your name, the name of the stock transferred, and the number of shares transferred. Upon receipt the Foundation will confirm receipt of the transfer and send you an appropriate receipt for income tax purposes.

The Foundation, Jewish Communities of Western CT, Inc. Brokerage Account
Janney Montgomery Scott, LLC (New Haven) David Etzel, Broker. Account # 4525-1105 DTC# 0374

For more information, please call Donna Albertario, Foundation Administrator, at 203-267-3177 Ext.108.