Stock gifts can have significant advantages over cash gifts, including:
- Avoidance of capital gains taxes on the appreciated portion of the stock.
- A tax deduction equal to the full fair market value of the stock on the date of transfer.
- The ability to make a larger gift than might be possible with cash.
Simply instruct your broker to transfer the appreciated securities to NFTE’s broker. You will then receive appropriate documentation from NFTE documenting your gift as required.
|Goldman Sachs & Co.
200 West Street
New York, NY 10282
|NFTE Account Number
NFTE Tax ID: 13-3408731
For further information please contact the NFTE Development Office at 212.232.3333.
This information should not be considered financial or tax advice. Please contact your financial advisor or accountant to fully understand the implications for gifts of securities.