Plan Your Gift
Gifts of Stock
Making a gift of appreciated stock or mutual funds to the Southern Poverty Law Center is a tax-smart way to advance justice and equity. Gifts of securities provide the SPLC with the financial might to strengthen democracy, fight white supremacy, reduce incarceration, and eradicate poverty.
Tax Advantages of Gifting Stock
- Gifts of stock are tax-deductible based on the stock’s fair market value on the day the gift is received by our broker.
- Your gift of stock is deductible up to 30% of your adjusted gross income in the year the gift is made.
- If your gift of stock exceeds 30% of your adjusted gross income, the deduction can be carried over for up to 5 years.
- When you transfer securities directly to the SPLC, you avoid the capital gains taxes you’d incur if you sold the stock and made a cash gift.
Things To Consider When Gifting Stock
- Securities owned for a year or less are considered short-term assets by the Internal Revenue Service, and gifting them to the SPLC won’t produce attractive tax benefits.
- If your stocks or mutual funds have decreased in value, it will be more advantageous for you to sell the stock and make a cash gift to the SPLC. You’ll be eligible to report a capital loss on your taxes and can claim a charitable deduction for the cash value of your gift, up to 50% of your adjusted gross income.
How To Make a Gift of Stock or Mutual Funds to the SPLC
- Provide the following information to your broker or investment advisor:
- Brokerage account: Stifel, Nicolaus & Co Inc.
- Account number: 22024754
- DTC number: 0793
- Please notify us or have your broker or investment advisor notify us of your gift. Include the name of the security(ies), the number of shares, and the estimated date of transfer. Please include your name or your client’s name and their address.
Alternatively, you may complete this online form hosted by the SPLC’s partner FreeWill and forward it to your broker or investment advisor.
Acknowledgments
The acknowledgment will reflect the name of the stock or mutual fund, the number of shares received, the date received, and the gift value for tax purposes. Per IRS guidance, the gift value is calculated by multiplying the number of shares received by an average of the high and low trading prices on the day it was received by the SPLC.