Gift of Stocks and Other Securities
The Foundation accepts donations in the form of stocks or other securities from other financial institutions.
The donors need to initiate the process from their own brokerage firms and provide the following information:
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The Foundation's Vanguard brokerage account # 49868975
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DTC# 0062 (Depository Trust Company number for Vanguard Charitable)
The donor needs to fill out the online donation form. In the Donation Amount section, set the "Amount of Cash" to 0.00 and fill out the security information in the "Non-cash Donation" field.
Please notify the Foundation at treasury@nthu-na-foundation.org when a stock certificate has been sent so we can monitor the account and watch for its posting.
The Foundation will NOT file IRS Form 8282 for publicly traded stocks. If the stock value is more than $500, the donor must attach Form 8283 with the IRS tax return. Use the fair market price on the stock transfer date as the donation value. The stock transfer date and the Foundation's EIN can be found on the thank-you letter.
The IRS Fair Market Value is defined as: Number of shares x (highest price + lowest price) / 2. An easy way is to simply ask Google: "What is the fair market value of XYZ on MM/DD/YYYY per IRS formula?"