The transfer of appreciated assets allows donors to support Bais Yaakov while reducing exposure to capital gains taxes. Donors are also able to claim immediate income tax deductions for these gifts. When we receive a stock donation, the name of the donor is not always included. If you hold stock, mutual funds or bonds with a broker, you may transfer these securities electronically by instructing your broker to send the securities through the (Depository Trust & Clearing Corp) DTC In-Kind transfer system to our account at:
Firm Name: Charles Schwab & Co., Inc.
Delivery to: DTC Clearing # 0164 Code 40
Client Name: Bais Yaakov School for Girls
Client Acct. #: 50XX-XXX (for complete # please request at email below)
Advisor: Alex Barron
To facilitate the smooth transfer and acknowledgment of your gift, please notify us of your name, the name of the stock and the number of shares being donated prior to the stocks being transferred. Of course, we will respect the wishes of donors who prefer not to have their name publicly disclosed.