Gifting Securities to MPTO

  • Gifts of appreciated, marketable securities, such as stocks, bonds, and mutual fund shares, can provide donors considerable tax advantages. It is almost always a better tax strategy to give appreciated securities directly rather than selling them and contributing the proceeds of the sale to MPTO.

    Please consult your tax advisor, but, in general, if you have owned the security for at least one year:

    • You can receive a tax deduction for the full value of the security, not just the amount you paid for it, at the time of donation.
    • You can avoid paying capital gains tax.
    • You do not have to pay a commission to sell the security. 

    MPTO is fortunate that 100% of your gifted securities will go directly to MPTO with no fees! Thank you to Scott Stauffer, MPTO's Securities Coordinator, for making this possible for us.
     

    BROKERAGE ACCOUNT

    If you hold the securities in brokerage account, please follow these steps:

    1. Contact your custodian and ask what their procedures are for transferring a stock via DTC.  Most custodians just require a letter of instruction signed by the account holder with the following information:

    Account Title:  Montclaire Parent Teacher Organization
    Account number:  922-032219
    Brokerage firm: TD Ameritrade
    DTC number:  0188

    1. Send an email to fundraising@montclaire.org that includes the name of the stock and the date of the stock transfer so that we can track your stock donation and inform our Securities Coordinator about the upcoming gift. 

    MUTUAL FUND SHARES
    If you would like to gift mutual fund shares to MPTO, please contact MPTO’s Securities Coordinator, Scott Stauffer, scott@betterwealth.us. Mutual fund gifts require special handling and set up and can take 7-10 business days to complete.

    INDIVIDUAL CERTIFICATES
    If you hold the securities in individual certificates, please contact MPTO’s Securities Coordinator, Scott Stauffer, scott@betterwealth.us, to receive the appropriate stock power forms and to arrange for delivery of the certificates.

    The date of your gift will be the date we receive your securities in our account, not the date of your letter. We will send you a gift acknowledgment notifying you of this date.

    Thank you for your gift of securities to MPTO!