Stocks and Mutual Funds

/Stocks and Mutual Funds
Stocks and Mutual Funds2019-12-17T13:44:04-05:00

Shares of stocks or mutual funds are easy to give and benefit you and IAR. Gifts of stocks can provide tax savings.

If the shares you want to give have decreased in value, the best plan may be to sell the shares yourself and then give the proceeds of the sale to IAR. This allows you to take any decrease in value of the shares as a write down on your taxes.

If your shares have increased in value the best course may be to transfer the shares to IAR instead of selling the shares and giving the proceeds to IAR. This approach may enable you to receive two advantages:

  • Get a larger charitable tax deduction because it is based on the higher current value of the shares (not the lower purchase price).
  • Avoid having to pay capital gains taxes on the appreciated value of your shares.

Your Financial Advisor or Tax Accountant can help you decide the best way to proceed.

1. ELECTRONIC TRANSFER of Shares of Stock (DTC Eligible Securities)

If held in a brokerage account, stocks are transferred electronically by your broker to IAR using the information below. (Please note that shares of mutual funds are handled differently. See #3, below.)

Send to: E*TRADE SECURITIES LLC
DTC #: 0385
Account #: 4507-0177
Account Name: Independent Animal Rescue, Inc.
Account Address: PO Box 14232, Durham, NC 27709-4232

Should your broker need any additional information, please contact [email protected]

2. TRANSFER of PAPER CERTIFICATES of Bonds or Shares of Stock

If you hold stocks or securities in certificate form, please mail your unendorsed paper certificates, with an irrevocable Stock or Bond Power Form, to:

E*TRADE SECURITIES LLC
PO Box 484
Jersey City, NJ
07303-0484 (Regular Mail)

or

E*TRADE SECURITIES LLC
Harborside 2
200 Hudson Street, Suite 501
Jersey City, NJ
07311-1113 (0vernight Mail)
Account #: 4507-0177

In either case reference:
Account Name: Independent Animal Rescue, Inc.
Account Address: PO Box 14232, Durham, NC 27709-4232

A signed stock certificate is legal tender so do not sign it.

3. TRANSFER of Shares of Mutual Funds

If the delivering broker/bank is ACATS (Automated Customer Account Transfer Service) eligible they can deliver the mutual fund via ACATS using the below information:

Send to: E*TRADE SECURITIES LLC
DTC #: 0385
Account #: 4507-0177
Account Name: Independent Animal Rescue, Inc.
Account Address: PO Box 14232, Durham, NC 27709-4232

If the securities are ineligible for ACATS transfer they may need to be liquidated.

Should your broker need any additional information, please contact [email protected].