Give a Gift of Stock

Gifts of securities, such as stock are one of the more popular assets used for charitable giving because of the mutual benefits provided to the charitable organization (us) and the donor (you).

How it works…

Selling a stock or bond that has appreciated in value subjects the individual seller to a tax on that capital gain. When you donate appreciated securities, you are able to deduct the gift as a charitable donation AND avoid capital gains tax at transfer, though some capital gains taxation may be a part of the income stream if you choose to fund a gift that pays you income. This dual benefit allows you to leverage a larger donation by using appreciated securities rather than cash to make your gift.  Additionally, a charitable gift of securities may entitle the donor to an income tax deduction equal to the value of the security at the time it is given to the charity.

Now, ready to give…

Please let us know the stock is coming by emailing Kristen Armstrong at karmstrong@thejamesriver.org or fill out the form below, with the name of the stock (including symbol), number of shares that will be transferred, and broker that will transfer them. We need this information to credit you properly and issue the receipt you will need for tax purposes.

Contact your broker to initiate the stock transfer. Use the following data to transfer the stock to our account at Davenport:

Davenport & Company LLC
Broker: John Ackerly (804) 780-2149 | jackerly@investdavenport.com 
Pershing
Account Name: James River Association 
Account #: DA4002774
DTC number – 0443

Please make sure the broker includes your full name on the transfer.

James River Association Tax Identification Number:
EIN: 51-0211913