Stocks & Bonds
A gift of appreciated securities, which you have held for one year or more, is frequently the most economical way to give. You can take a federal income tax deduction equal to the fair market value of the stock on the date you transfer ownership to Chatham Hall, and you avoid capital gains tax. The tax advantage of this gift is lost if you instruct your broker to sell the stock and send the proceeds from the sale to Chatham Hall.
Your gift is valued when received in the Chatham Hall account. You will receive a receipt naming the stock, the number of shares, and the mean value between the high and the low market price on the date Chatham Hall takes ownership of the stock. You may wish to consult with your broker on the value of this gift for tax purposes.
You must authorize your broker to transfer shares to Chatham Hall’s account:
Chatham Hall Account # 62115540
DTC # 0164, Code 40
Chatham Hall will accept at its discretion, on a case-by-case basis, gifts of closely held, restricted or infrequently traded securities.
Before transferring this gift, contact the Office of Advancement (Starlet Lemon at firstname.lastname@example.org or 434 432-5600) with the following information: the approximate number, name, and value of shares, and their designation.