Transferring securities held long term to the Platte Institute allows you to make a gift and receive a charitable deduction equal to the full, fair market value of the securities. You pay no capital gains on your gift and neither does the Platte Institute.
The best method of transferring these assets to the Platte Institute is to contact your broker and electronically transfer the stock from your account to the Platte Institute’s account at TD Ameritrade.
Avoid selling the assets and then making a gift of the proceeds, because this will trigger a capital gains liability for you. In order for the Platte Institute to acknowledge your gift and provide you with an IRS receipt, please take the following steps:
Call the Platte Institute’s Development Office at (402) 452-3737 and let us know that you would like to make a gift of stock.
Provide your name, your phone number, the name of the stock you are giving and the number of shares (e.g. 10 shares of Berkshire)
Call your broker with the information below and ask your broker to contact TD Ameritrade.
Name: TD Ameritrade, Inc.
Address: 200 South 108th Ave. Omaha, NE 68154-2631
DTC Number: 0188
Further Credit: TD Ameritrade, Inc. A/C# 16424641