Make a Gift of Stock
The Blue Ridge Parkway Foundation (BRPF) appreciates your support and we hope you will consider the Foundation in your charitable giving. Please call the Foundation's Director Administration, Lynne Fletcher, at 866-308-2773 ext 245 before making a gift of stock. Gifts of appreciated securities offer special tax benefits including elimination of capital gains tax on the appreciated portion of stock gifts.
You will need to notify the Blue Ridge Parkway Foundation of the name of the stock and number of shares you are giving and when it will be transferred. Because electronically transferred gifts often do not indicate the owner of the assets, stocks sent without advance notice can be difficult to match to the donor(s).
In accordance with IRS guidelines, the date of the gift will be the date on which BRPF assumes ownership of the shares. For crediting purposes, the value is determined as the average of the high and low listings for the stock on that date. In the case of unlisted securities, the value of the gift must be determined through an independent appraisal provided by the donor.
You will need to give the following information to your broker:
BRPF's broker: Merrill Lynch Global Wealth Management
DTC number: 5198
Account number: #78802083
Send to the attention of:
Phone number: 336.721.3221
BRPF's Tax ID number: 31-1512730
A GIFT OF STOCK CAN BE TRANSFERRED TWO WAYS:
It is very important that your bank or broker contact Beverly Burke with details of the gift in order to record your gift appropriately including: name of stock and number of shares. Your bank or broker should not sell the assets on your behalf or you will be liable for the tax on capital gain. If the stock has depreciated in value since it was purchased, the stock may be sold to make a gift of the proceeds. Report the loss on your tax return, and receive an income tax charitable deduction for the value of your gifts.
If you hold certificates do not sign or fill them in. Obtain and sign stock powers and have your signature medallion guaranteed by a bank officer. Send the stock powers and letter of transmittal in one envelope and the certificates in a separate envelope to Beverly Burke at the address shown below. Please feel free to call Beverly 336.721.3221 with any questions you may have.
1 Merrill Lynch Global Wealth Management
50 S. Stratford Road, Suite 150
Winston-Salem, NC 27104
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