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Administrative Offices 345 Whitney Avenue New Haven, CT 06511 203.865.5158 Email Us! |
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What's the easiest way to make a gift of stock to Planned Parenthood?
If you prefer, you may send a letter of instruction to your broker rather than contacting us directly.
If your broker holds the stock, ask them to send the stock "DTC" to our account using the following information:
Vanguard Account Number ALV-003698
For credit to: Planned Parenthood of Connecticut, Inc.
DTC# 0443
Planned Parenthood of Connecticut Federal Tax ID# 06-0263565
How will Planned Parenthood of Connecticut know I have made my gift of stock?
In order to credit you for your gift and provide you with a receipt, PPC asks that either you or your broker
advise us of your gift by sending a letter to us including the following information:
The donor's name
The type of stock and number of shares given
The gift date
The approximate value of the gift
The date the stock was sold (if different from the gift date)
You may send your letter to:
Development Office
Planned Parenthood of Connecticut
345 Whitney Avenue New Haven, CT 06511
Once we have received your stock gift, we'll send you our thanks in writing, including information about the value of your stock gift for tax purposes.
How are the date and value of my stock gift determined?
Your gift of stock is effective on the date the stock irrevocably leaves your control. If your bank or broker holds the stock, the gift date is the date of transfer. If you mail the stock to us, the gift date is the same as the postmark. If you hand-deliver the stock, the gift date is the date Planned Parenthood takes physical possession of the stock.
IRS rules specify the method of determining the value of publicly traded stock donated to a charitable organization. The value for each share is the average of the high and low selling prices on the date of transfer. Please see IRS Publication 561, Determining the Value of Donated Property, for details, including information about determining the date of transfer. (You may order publications from the IRS by calling 1-800-829-3676, or you may download copies of publication from the IRS website)
Are there other methods of giving stock to Planned Parenthood?
There are two other procedures you may use to donate stock, dependent upon whether your bank hold the stock or if the securities are in your possession:
If a bank holds your stock, the trust officer may set up a temporary account in Planned Parenthood of Connecticut’s name, sell the stock on our instructions and send the proceeds to PPC.
If the stock is in your possession, send the stock certificate to Planned Parenthood, along with a notarized letter stating that you are making a gift of the stock to Planned Parenthood of Connecticut. The letter should be signed by all persons listed on the stock certificate. We also require that you send a "Stock Power" form (available from your broker) signed by each person listed on the stock certificate.
What are the benefits of donating appreciated stock?
Supporters of Planned Parenthood sometimes decide to make a gift of stock that has greatly increased in value. This gift has important benefits to you too, including:
A federal income tax deduction for the full fair market value of the donated shares.
Complete avoidance of the capital gains tax on the appreciation of the stock.
Your stock gift is deductible for up to 30% of your adjusted gross income in the year you make the gift, with a 5-year carry-forward for any excess.
You can make good use of an asset you already own and benefit the work of Planned Parenthood of Connecticut at the same time.
We invite you to call our Development Office at 203-865-5158 to discuss your gift.
Please note: The information provided above is of a general nature only;
Planned Parenthood is not rendering legal or tax advice. Individual state laws govern wills, trusts and charitable gifts made in a contractual agreement. For advice or assistance in specific cases, please consult an attorney or other professional advisor. Tax revisions may affect the accuracy of the information outlined in this document.
Questions? Email us, or call the PPC Development Office at 203-865-5158.
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