Lessons From Lee: Will you consider donating appreciated stock to the League?

Gifts of stock are a simple and powerful way to support the work that the Preservation League is engaged in every day. It also offers financial benefits to you!

  •  Donating appreciated stocks, bonds, and mutual funds is easy;

  • When you make a gift of this type, the total value of the stock is tax-deductible (limitations may apply based on your specific income tax situation);

  • You’ll pay no capital gains taxes on the appreciation!

Note: Individual situations vary so donors should consult their advisors

So, how does it work?

Step 1: Complete your stock transfer

Contact the institution where your stocks are held and let them know you’d like to transfer shares of stock to the Preservation League of New York State account at Merrill Lynch.

You may need the following codes:

  • DTC # 8862

  • Account # 8A3-02042

  • Should you need it, our EIN is 23-7379938

Step 2: Let us know about your gift of stock

Stock donations transferred to our account aren't accompanied by your donor information. We want to be sure we can immediately thank you for your gift and send you a tax receipt, so please let us know about your donation by contacting Yolanda Davis at ydavis@preservenys.org. We’ll mail you an acknowledgment letter, complete with tax information and our sincerest thanks.

And don’t forget to find out if your employer will match your donation!

If you or your broker have any technical questions regarding the transfer, please contact our account manager, Marie Capozzelli, at 518.783.7200, x 114 or mcapozzelli@lutzseligzeronda.com.

Lee MillerLessons from Lee