Donating appreciated stock might just be one of the easiest ways to give to organizations like SAFE who are doing the work that you care about. And SAFE is already set up to easily accept your donation!
According to Fidelity Charitable®, donating stock directly to a charity is one of the most tax-smart ways to give. If you donate stock directly to a charity, there’s no capital gains tax to pay, which can save you a lot of money if the stock has appreciated greatly since you purchased it. Plus, you are still eligible to deduct the full fair-market value of the asset you donated from your income taxes, up to the overall amount allowed by the IRS.
Donating stock to SAFE is easy, because we are already fully set up to accept it with just a few simple steps!
Instructions for Making Donations of Stock to Save a Forgotten Equine
Step 1: Email Bonnie Hammond at SAFE (bonnie@safehorses.org) and provide the following:
- Name, address, phone number and email of person making gift (for gift verification purposes)
- Type of Stock and Number of Shares/Amount of stock
- Cash amount
Step 2: Provide the following information to your broker
Shares in kind can be transferred to SAFE via Merrill Lynch:
- DTC Transfer Number: 8862
- Receiving Account Number: 296–02393
- Receiving Account Name: Save A Forgotten Equine
Step 3: Contact Stephanie McCann at Merrill Lynch to confirm that your transfer has been completed:
- Via phone: 415–955-3702
- Via email at stephanie_mccann@ml.com
Click here to download a PDF of the instructions above
As 2024 rolls to a close and you begin to think about year end tax issues, keep stock donation in mind as another great way you can support the horses at SAFE.
