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THE PURDUE FOUNDATION, INC. Potential Stock Gift Notice Date:___ DOD:___ Donor Name:___ Address:___ City:___ State: ___ Zip: ___ Phone Number:___email:___ Broker Contact Name :___Phone:___ Broker
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How to fill out gifts of stock and
How to fill out gifts of stock and
01
Contact the organization or individual you want to gift the stock to and confirm that they are able to accept gifts of stock.
02
Obtain the organization's or individual's brokerage account information, including the DTC number and account number.
03
Contact your own brokerage firm and inform them that you would like to transfer a gift of stock to another account.
04
Complete any necessary forms provided by your brokerage firm for transferring the stock.
05
Submit the completed forms to your brokerage firm and follow their instructions for transferring the stock to the recipient.
Who needs gifts of stock and?
01
Gifts of stock are typically needed by charities, non-profit organizations, or individuals who have investment accounts and are looking to diversify their portfolio.
02
These gifts can also be beneficial for individuals looking to support a specific cause or organization while receiving potential tax benefits.
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What is gifts of stock and?
Gifts of stock refer to the transfer of shares of a company's stock as a gift.
Who is required to file gifts of stock and?
The individual or entity making the gift of stock is required to file the necessary paperwork.
How to fill out gifts of stock and?
You can fill out gifts of stock forms provided by the IRS or consult a tax professional for assistance.
What is the purpose of gifts of stock and?
The purpose of gifts of stock is to transfer ownership of shares in a company to another party as a gift.
What information must be reported on gifts of stock and?
Information such as the donor, recipient, value of the stock, and date of transfer must be reported on gifts of stock forms.
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