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Gifts of Stock (5/18/2004)

Why make a gift of stock?  

If you itemize your tax returns, gifts of securities entitle you to a federal income tax charitable deduction. In the case of appreciated securities, you may deduct the full fair market value of your gift once you have held onto the securities for at least one year. You are permitted to carry any unused deduction forward for up to five additional years. In addition, you will avoid paying capital gains tax on the stock you donated to ACLU Foundation.

Because electronic transfers are made without identifying the donor, please alert us in advance about the stock and number of shares you plan to give. You can do so by e-mailing fdngift@aclu.org or calling (212) 519-7803. 

According to IRS regulations, the date of your gift corresponds to the date it arrives in our possession (for transfers from brokerage account to brokerage account).

Following is the information necessary to transfer stock to our account: 

Electronic Transfer

If your stock is held in brokerage account, your broker can transfer your gift electronically. He or she will need the following information:

DTC #: 0226
Account Name: ACLU Foundation
Account #: AB2-027707
Brokerage: State Street Global Markets, Boston, MA

Physical Delivery

If you hold the securities, mail or hand deliver the certificate(s) without any endorsement or assignment to:

American Civil Liberties Union Foundation
Attn: Stephanie Wecht
125 Broad Street, 18th Floor
New York, NY 10004

In a separate envelope, mail or deliver a signed stock power form for each gift -- except for your signature, the stock power form should be blank -- and gift letter. The gift letter should state your intention to make a gift of the securities to the ACLU Foundation.

You can request a stock power form by calling (212) 519-7803 or emailing us at 
fdngift@aclu.org.  You can also obtain a stock power form from your bank or broker. Please sign the stock power exactly as your name appears on the stock certificate.

Questions? 

If you have any questions about giving stock, call the ACLU Foundation at (212) 519-7803 or send us an email at fdngift@aclu.org.



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