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Gifts of Stock
Your broker can assist you in making a gift of stock via a direct transfer to the ARCS Foundation Endowment Fund. Giving a gift of publicly traded stock that has increased in value and that you have owned for more than one year may provide greater tax benefits than giving cash. Your charitable income tax deduction is equal to the fair market value of the stock and you avoid paying the capital gains tax on any increase in the current value over the original cost of the stock. You may also save by not incurring brokerage fees because you are transferring ownership rather than selling the stock.
If you would like to join us in "Advancing Science in America" by donating stock to the ARCS Foundation Endowment Fund, please note the following:
Brokerage House: Charles Schwab & Company, Inc. Account Name: ARCS Foundation, Inc. Endowment Fund Account Number: 9917-6120 DTC Number: 0164, Code 40
IMPORTANT: ARCS will not know that this stock transfer has come from you unless you notify us.
Please send your notification to: Covington Capital Management Attn: Delia Hernandez 601 Figueroa Street, Suite 2000 Los Angeles, CA 90017-5726
213-629-7512 213-629-2990 (FAX) D.Hernandez@covcapmgt.com |