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Giving Securities A gift of appreciated securities (stocks, bonds, or mutual fund shares) that you have held for more than one year is frequently the most economical way to make a gift. You are eligible to take a federal income tax deduction equal to the fair market value of the security on the date of the gift for up to 30 percent of your adjusted gross income with a carry-over of any excess for up to five additional years. You will not have to recognize the appreciation as capital gain. Check with your financial advisor for more information. Transfer securities in two ways: 1) Your broker may electronically transfer ownership of the stock to Charlotte Country Day School's account at Charles Schwab (see account information below). Important: Please notify or have your broker notify Beth Faircloth, Gift Processing Specialist, at (704) 943-4538 when you have initiated an electronic transfer for donations of stock. Please note: Stock transfers must be initiated by June 1 in order to allow time for processing by our June 30 fiscal year end. Give your broker the following information: Account Name: Charlotte Country Day
School 2) Another option is to mail stock certificates, unendorsed, with a signed stock power (available from your financial services provider), in separate envelopes to: Beth Faircloth, Gift Processing Specialist For questions, please call Beth Faircloth at (704) 943-4538.
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