Giving appreciated stocks and mutual funds is a great way to maximize your giving because you receive an immediate income tax deduction for the full fair market value of securities that you’ve held for at least one year. In addition, you pay no capital gains tax on the difference between your cost and the fair market value.
To improve efficiency, Hope has partnered with Wells Fargo Advisors to process gifts of marketable securities (e.g., stocks, mutual funds, exchange-traded funds (ETFs), bonds). If you’d like to give a gift of publicly traded securities, please contact Jim Ratchford. If needed, our account number is 4178-8667, and our depository trust company (DTC) number is 0141; additionally, our address can be found on the “Contact” page of our website.