How to give Securities

 

Giving appreciated securities (stocks, bonds and mutual funds) is a convenient way to support Holy Ghost Preparatory School, while gaining tax advantages. You receive an income tax deduction for the full market value of the stock on the date of the gift, provided you have owned the securities for more than 12 months. Most donors avoid the capital gains tax otherwise due on the sale of the securities. You are urged to consult your tax professional before making gifts of appreciated stock.

Gift Value

The value of your gift of appreciated securities is the mean of the high and low price of the stock on the date one of the following occurs:

• Securities and a signed stock power are hand delivered or mailed (date of postmark) to Holy Ghost Preparatory School

           or

• Electronically transferred securities arrive in an account in the name of Holy Ghost Preparatory School.

 

How to Give Securities

When the security is held by your broker or commercial banker (electronic transfer):

Notify your broker by letter that you want to give securities to Holy Ghost Preparatory School and send a copy of the letter to the Development Office, or you can call the Development Office to notify us that a stock gift is in the works.

Stock transfers can be made via inquiries to TD Ameritrade Clearing, Inc., made to the attention of the Transfer of Accounts Department, 200 S. 108^thAvenue, Omaha, NE 68154, and to the attention of Carla Simon, an agent for Insight Advisors LLC in Newtown, PA. She can be reached by phone at 215-550-6011, and via fax at 215-550-6016. The Holy Ghost Preparatory School Gift Account number is 929005614, DTC # 0188.

 

You or your broker may contact Matt Dwyer, Executive Director of Development, at 215-639-2102 (ext. 203) for assistance at any time, including instructions on how to direct a gift to the Holy Ghost Prep Annual Fund or to a particular HGP need.