A contribution of appreciated securities benefits Fairfax County parks similar to a cash gift, but can be even more beneficial to the donor.
Benefits of Appreciated stock gifts
The charitable donation may reduce your income taxes.
Avoid capital gains tax that would have applied if the you sold the shares yourself.
Giving stock can be convenient, especially when these consist of a few stocks that are "odds and ends" or fractional shares.
Making the transfer is simple. Just follow these three easy steps:
Create a letter similar to the sample below.
Send the original letter to your broker.
Provide a copy of the letter to the Fairfax County Park Foundation.
Please call 703-324-8582 or fax 703-324-3987 or email us for any questions
Dear [Broker name]:
Please consider this letter my/our request to transfer shares of [Company Name] from my/our account # _______________ to the following account:
Fairfax County Park Foundation
Account # _____________ and DTC #________ *
* Please contact FCPF by phone 703-324-8582 or email to obtain the Account # and DTC #.
My/Our signature(s) have been notarized below.
CC: Fairfax County Park Foundation
12055 Government Center Parkway, Suite 404 Fairfax, VA 22035