Make a Gift of Stock or Mutual Funds

Making a gift or fulfilling a Major Gifts campaign pledge through a transfer of stock or mutual funds can be very advantageous from a tax point of view, especially if you own appreciated stocks or mutual funds on which you would have to pay long term capital gains tax.  By making the gift directly to a charitable organization such as the ACLU Foundation, you may avoid the capital gains tax on the appreciation of the asset, and will also realize an income tax deduction in the amount of the asset’s fair market value on the date of the gift.

Each individual’s tax situation is different, so you should consult your tax advisors about the best ways to make charitable gifts.  We cannot give you tax advice!

If you would like to give stock, the process is very simple.   (For mutual funds, there maybe a few more steps involved, depending on the fund.)  You should  ask your broker to transfer the asset (stock or mutual fund) directly to the ACLU Foundation of Northern California account with Salomon Smith Barney.  The ACLU Foundation account number is: 504-1573410-117.  (The account is with the Salomon Smith Barney office at 225 West Santa Clara St., Ste. 900, San Jose, CA 95113).  The DTC # (used to effect the transfer)is #418.

Please email us at the ACLU to know to expect your gift: giving@aclunc.org.

Some brokers like to know the ACLU Foundation Tax Identification Number –- it is 94-0279770.  This number substantiates that this is a tax-deductible gift.

Salomon Smith Barney will notify the ACLU of the gift, and you should receive an acknowledgement from the office within a few weeks.

If you or your broker have any problems or questions, please contact us at giving@aclunc.org.