Gifts of stock, especially long-term appreciated stock, provide benefits to Open Hand and you. Open Hand can put your funds to work immediately and you can:
· Give away appreciated assets and usually avoid tax on the gain
· Receive the regular charitable income tax deduction if you itemize your taxes
· Claim a tax deduction for the full fair market value (rather than the cost value) of your stock if you have owned the securities for more than one year
Ways You Can Give Stock:
1. Through Electronic Funds Transfer: Advise your broker to transfer stock to Project Open Hand/Atlanta, Inc. using the account information listed below.
The Open Hand’s federal tax identification number is 58-1816778. Please also advise Leigh Croft, Individual Gifts Manager regarding the specifics of your transfer, 404-419-3324 or lcroft@projectopenhand.org.
Account #: 01493386
DTC: 0780
Morgan Keegan & Company, Inc.
Representative: Chris G. Willett
One Buckhead Plaza
3060 Peachtree St. NW
Suite 1600
Atlanta, GA 30305
Telephone: 404-240-6700
2. Through Direct Delivery of Stock: Deliver actual stock certificates and stock powers to Open Hand.
Please consult your tax advisor to make sure that you maximize your gift and your deduction in accordance with the current tax laws. If you have any questions, please contact our offices at 404-419-3324
. |
