GET
INVOLVED: Appreciated Stocks & Securities
A gift of
appreciated securities (e.g. stocks, bonds and mutual fund shares) can
supply much-needed support for the zoo's conservation, research, education
and animal care programs and provide you with financial benefits as well.
When you
make a contribution of appreciated securities, the gift will be credited
at the fair market value, with no tax applied to the appreciated portion
of the securities (e.g. no recognition of capital gains). Additionally,
you may receive a charitable income tax deduction based on the fair market
value of the securities.
If you are
considering a gift of appreciated securities, please do not sell them
first and give the proceeds to the zoo - you may miss some important tax
benefits. In order to avoid capital gains tax, it is usually more advantageous
to contribute the appreciated securities to the zoo directly than selling
the securities and giving the proceeds to the zoo.
To make
a gift of appreciated securities, have your broker contact the Development
Office (401) 941-3910 extension 302 to arrange the transfer to the zoo's
account. Please note, although it is possible to make the gift without
disclosure of your name, Rhode Island Zoological Society cannot properly
credit your gift or provide a gift receipt for tax purposes without knowledge
of the original donor.
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