The Special Benefits of Donating Stock

By donating appreciated stock, you can provide much-needed support for The North Carolina Arboretum, while also lowering your taxes even more than a cash gift allows.

When you donate stock or other securities to The North Carolina Arboretum Society, you can take an income tax charitable deduction for the entire current value of the stock on the date it is donated (if you itemize, and subject to current IRS regulations). You can deduct the full current value of the stock that you donate, not the amount you originally paid for it. As an added bonus, when you donate appreciated securities, you will not have to pay any capital gains tax on those assets (if they have been held for more than one year). In effect, you can make a larger gift at a lower cost. For these reasons, a gift of appreciated securities may be one of the best ways for you to support The North Carolina Arboretum.

How to Donate Stock

If you have publicly traded securities held electronically in a brokerage account, you can transfer them by wire through the Depository Trust Company (DTC) to our brokerage account. This electronic transfer is the most popular and most efficient way to donate securities, and it is fairly easily to implement.

To arrange this transaction, notify your broker of your intention to make a gift of securities to The North Carolina Arboretum Society. Be sure to tell them the name of the stock that you want to transfer and the number of shares. Also, please inform your broker of the following information about where to send the donated securities:

Brokerage: Wells Fargo

Phone: 828-232-3799

DTC #: 0141

Account Name: The North Carolina Arboretum Society

Account #: 7267-4275

Tax ID #: 56-1712373

Prior to your transaction, please let us know of your intention to donate stock, so that we may alert our broker and ensure that your generosity is acknowledged accurately and promptly. Please include your name, complete mailing address, and the name and number of shares of the stock that you are donating. Upon confirming the asset transfer, we will provide you with a formal tax receipt of your contribution. In accordance with federal laws, the gift will be valued at the average of the high and low prices of the stock on the date that we receive it.

 

Learn more

If you would like to donate securities held in certificate form or other financial assets, or if you have any other questions, please contact George Ivey, Development Officer, (828) 665-2492 ext. 216 or george.ivey@ncarboretum.org. Each inquiry will be handled discreetly and will place you under no obligation. Also, we encourage you to consult with your tax or financial adviser before making a gift of securities. Thank you for considering The North Carolina Arboretum Society in your giving plans.