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GIFT OF STOCK For stock held in brokerage accounts, your broker can assist you in making a gift of stock via a direct transfer to the Terry Foundation. This may be more tax advantageous than selling

How to fill out gifts of stock

How to fill out gifts of stock

1. Here are the steps to fill out gifts of stock:
2. Obtain the stock gift form from the organization or institution you are donating to.
3. Gather all required information, such as your contact details, the type and number of shares you wish to donate.
4. Contact your broker or financial advisor to initiate the stock transfer process.
5. Provide the necessary instructions to your broker, which may include the recipient organization's brokerage account information.
6. Fill out the donor section of the stock gift form accurately and completely.
7. Attach any additional required documents, such as a stock certificate or a letter of authorization.
8. Review the completed stock gift form for any errors or missing information.
9. Submit the stock gift form and any required documents to the recipient organization through their designated method (mail, email, etc.).
10. Keep a copy of the completed form and any supporting documents for your records.
11. Follow up with the recipient organization to ensure the stock transfer was successfully completed.

Who needs gifts of stock?

1. Gifts of stock are useful for individuals or organizations that:
2. - Wish to support a specific nonprofit organization or charity.
3. - Want to take advantage of tax benefits associated with donating appreciated stocks.
4. - Desire to make a significant contribution that can potentially have a larger impact.
5. - Seek to diversify their investment portfolio by donating stocks.
6. - Prefer to support organizations through non-monetary means.

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What is gifts of stock?

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

Who is required to file gifts of stock?

Individuals who have given gifts of stock with a total value exceeding a certain threshold are required to file a gift tax return with the IRS.

How to fill out gifts of stock?

To fill out gifts of stock, individuals need to provide details such as the donor's information, recipient's information, description of the stock, value of the stock, and date of the gift.

What is the purpose of gifts of stock?

The purpose of gifts of stock is to transfer ownership of stock shares to another person as a gift, without receiving anything in return.

What information must be reported on gifts of stock?

Information such as the donor's information, recipient's information, description of the stock, value of the stock, and date of the gift must be reported on gifts of stock.