Making a Gift of Stock to NCSSM

Donors wishing to make gifts of appreciated stock incur a 

"triple-win"  scenario:

 

Securing a charitable income tax deduction based on the full fair market value of the donated asset

Avoiding capital gains tax exposure on the appreciated value of the stock, and

Making a meaningful gift to NCSSM that costs less than cash. For individuals wishing to make such gifts, the School recommends one of the following steps:

• Establish an account in the name of the NCSSM Foundation with your current broker. Gift the stock to that account, have your broker sell it, and then immediately notify the Development office to make arrangements for sending the proceeds to the School. The Foundation's Tax Identification Number is:  56-125076.

• Have your broker electronically transfer stock directly to NCSSM. The Foundation has an account with Wheat First Union for these purposes. Please contact Dana Rappleyea at 919-493-3400 for assistance.

IMPORTANT: Be sure to have your broker contact Dana Rappleyea at Wheat First Union or Katie Wagstaff from our Foundation office prior to initiating stock transfer, and reference your gift to NCSSM.

Account number (Wheat First Union) DH959226350

NCSSM Tax ID 56-125076

• If you wish to mail a stock certificate, it should be sent unendorsed to the Development office. A signed stock power should also be sent to the NCSSM Development office under separate cover. The date of the postmark constitutes the date of the gift. 

Contact Information:

Katie Wagstaff, Executive Director

NCSSM Foundation

P.O. Box 2733

Durham, NC 27715

Phone: 919.416.2866

Fax: 919.416.2871