Gifts of publicly-traded securities are a wonderful way to contribute to the BPESF Annual Campaign. A gift of securities is fully tax-deductible at the market value on the date your gift is received. An added benefit is that by contributing securities directly to BPESF you avoid capital gains tax that would be due if you sold the securities yourself. As a 501(c)(3) charitable organization, BPESF can sell donated securities tax-free and use 100% of your gift toward operating funds for BCS.
For securities that freely trade daily, the Foundation values your donation using the mid-point price between the high and low price on the date that the stock is received into the Foundation’s account. Please note that while most transfers happen in a few days, some transfers may take weeks to be received. It is the transferring broker that generally controls how long the transfer process takes, and the Foundation is not responsible for price fluctuations that may occur between the date you provide your broker with instructions and the date the securities are received into the Foundation's account.
How do I know the Foundation received my donation?
After the shares have been received, we will send you a letter confirming details of the donation. You will be able to use this letter to claim the appropriate deduction on your tax return for the tax year in which the donation was made.
Can I donate any type of security to the Annual Campaign?
Not necessarily. You may donate any securities that are freely tradable on the NYSE, AMEX, or NASDAQ exchanges immediately upon receipt by the Foundation. Other securities require prior approval from the BPESF Gift Acceptance Committee. If you have any doubt as to whether the securities you propose to donate are freely tradable, please discuss this matter with Laura Gwosden (firstname.lastname@example.org) or David Spector (email@example.com) prior to initiating the securities transfer.
Who can I contact with questions concerning my securities donations?
If you have any questions regarding these procedures, please contact Laura Gwosden (firstname.lastname@example.org) or David Spector (email@example.com).
Thank you for your generous gift!