Gifts of appreciated securities (stocks) are a popular alternative to making a cash gift as they may offer you additional tax advantages. In addition to receiving an income tax deduction for the full market value of the securities, you may also avoid capital gains on the appreciation of your stocks.
To make such a gift, do not sell the stock and donate the proceeds, as this will jeopardize your tax benefits. Instead, notify your broker of your intention and contact Ryan Krieger, The Strengths Lab Account Manager. When you contact us, please be prepared to provide your broker’s name and telephone number, the name of the stock and number of shares you wish to contribute. You will be notified of the contribution deduction based on the date of your securities transfer.
For questions or more information on making a gift of stock, please email Ryan Krieger.
For Advisors: Securities Transfers Instruction
Our Brokerage Firm: Morgan Stanley
DTC Number: 0015
Account Number: 642-064370-232
Morgan Stanley Contact
Daniel J. Welch
Senior Vice President, Financial Advisor