Gifts of Cash, Stock and Other Securities
Gifts of stock or other securities are a great way to reduce your tax liability while benefiting NECO and NEEI. You many receive a charitable deduction for the market value of the stock at a time the gift is made. Donors may choose to make gifts using long-term appreciated stocks due to the potential tax advantages associated with such gifts. To facilitate a stock donation, please refer to the following instructions:
Notification of Donor Intent
The donor or the transferring broker must provide the following information for audit and acknowledgement purposes:
- Donor's Name and complete address
- Broker's Name and telephone number
- Name and number of securities transferred to be contributed
- Specific NECO or NEEI program to which the gift should be directed, if any
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The information in this Web site is not intended as legal advice. For legal advice, please consult an attorney. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income tax include federal taxes only. Individual state taxes and/or state law may impact your results.