News & Events
Transfer Gifts of Stock
Kaleidoscope has now partnered with Merrill Lynch to accept gifts of stock. Not only will you support children, youth, and families with your donation, you will also receive many tax benefits. Please contact us with any questions or to get started.
Your Financial Advisor can assist you in making a gift of stock via a direct transfer to Kaleidoscope, Inc. Giving a gift of publicly traded stock that has increased in value and that you have owned for more than one year may provide greater tax benefits than giving cash. Your charitable income-tax deduction is equal to the fair market value of the stock and you avoid paying the capital gains tax on any increase in the current value over the original cost of the stock. You may also save by not incurring brokerage fees because you are transferring ownership rather than selling the stock.
Provide the following information to your Financial Advisor:
Broker: Merrill Lynch
Account Name: Kaleidoscope INC
Account Number: 841-02732
DTC Number: 8862
Financial Advisor: Amanda Barclay
(p) 516 498-3308
(email) [email protected]
Note: Kaleidoscope, Inc’s policy is that stock is sold on the same day as received. However, Merrill Lynch must be notified that the stock transfer has occurred. For assistance, or if have any questions regarding donations of stock, please contact [email protected] or 773-292-4074.
Posted on July 16th, 2019 (No Comments) | Permalink