When you donate appreciated securities to the Alzheimer’s Association, you receive two tax breaks. First, you may be able to deduct these gifts as charitable donations. Moreover, you also can avoid capital gains tax on the transfer.
When giving securities, be sure to consult with your financial advisor and/or attorney.
Securities Held By Your Broker
Inform your broker in writing that you wish to give appreciated securities to the Alzheimer’s Association and the date you would like the transfer made. Stock should be transferred to the Alzheimer’s Association Minnesota-North Dakota’s Charles Schwab brokerage account. Here are the details you will need.
Please request that your firm include your name with any stock transfer, and please inform Temma Shankman at the Association of your intent to make a gift this way. If you have any questions, you may contact Temma at 952.767.7578 or David J. Bromelkamp at Allodium Investment Consultants at 612.230.3702.
Certificates You Hold
If you hold the actual stock certificates, please contact Temma Shankman at 952.767.7578 for further instructions.
Mutual fund transfers may take longer to transfer as each mutual fund company has its own requirements for making charitable contributions. Contact the customer service department at your company to secure the forms needed and then call Temma at 952.767.7578 to discuss your intent. Please allow at least one month for the transfer.
For more information about gifts of securities, contact Temma Shankman, individual giving manager: