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WABASH COLLEGE Gifts of Stock Gifts of stock to Wabash College are a fine way to serve your philanthropic interests and to illustrate your loyalty to the College. Stock gifts also offer potential

How to fill out gifts of stock

How to Fill Out Gifts of Stock:

1. Obtain the necessary forms: Start by contacting the organization or institution to which you wish to donate the stock. They will provide you with the required forms, such as the Stock Donation Transfer Form or Stock Power Form. These forms may also be available for download on the organization's website.
2. Gather important information: Before filling out the forms, ensure you have all the necessary information readily available. This typically includes your contact details, the name of the stock you are donating, the number of shares, and the date of transfer.
3. Complete the forms accurately: Carefully fill out the provided forms, paying attention to details and ensuring accuracy. Be sure to sign and date the forms where required. Double-check all the information to avoid any mistakes.
4. Notify your broker or financial institution: Inform your broker or financial institution about your intention to donate stock. They will guide you through the process and assist you in transferring the shares to the designated organization. Provide them with any specific instructions or details provided by the organization.
5. Deliver the forms: Once you have accurately filled out the required forms, deliver them to the organization or institution to which you are making the donation. This can be done via mail, email, fax, or any other method preferred by the organization.
6. Keep records and acknowledgement: Keep copies of all the forms you completed and submitted for your records. Additionally, ensure you receive an acknowledgment letter from the organization confirming the receipt of your stock donation. This acknowledgement will be useful when filing your taxes, as it will serve as proof of your charitable contribution.

Who needs gifts of stock?

1. Non-profit organizations: Non-profit organizations greatly benefit from gifts of stock as they can sell the stock without paying taxes on the capital gains, allowing them to maximize the impact of the donation for their programs and initiatives.
2. Donors seeking tax advantages: Individuals who wish to make charitable contributions while also enjoying tax benefits often choose to donate gifts of stock. By donating appreciated stock directly to a qualified non-profit organization, donors may be eligible for a tax deduction based on the fair market value of the stock at the time of the donation.
3. Investors with stock investments: Individuals who hold stocks that have significantly appreciated in value and are considering charitable giving may find gifting stocks to be an advantageous strategy. It allows them to avoid paying capital gains tax on the appreciated value, potentially providing greater overall tax benefits compared to selling the stock and donating the cash.

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What is gifts of stock?

Gifts of stock refer to the transfer of shares of a company's stock from one person to another as a gift.

Who is required to file gifts of stock?

The donor of the gift is required to file gifts of stock with the relevant authorities.

How to fill out gifts of stock?

Gifts of stock can be filled out by submitting the necessary forms and documentation as required by the authorities.

What is the purpose of gifts of stock?

The purpose of gifts of stock is to transfer ownership of shares in a company to another person as a gift.

What information must be reported on gifts of stock?

Information such as the donor's details, the recipient's details, the number of shares transferred, and the value of the shares must be reported on gifts of stock.