Gifts of Securities

Select Care ManagersYour support of JFCS of Southern Arizona through a gift of appreciated securities is always welcome and provides for a mutually beneficial transaction.

A gift of appreciated securities that have been held for more than one year may provide significant benefits to you as a contributor, such as:

  • Entitling you to a charitable income tax deduction for the fair market value of the gifted securities as of the date of gift.
  • Eliminating capital gains tax that would ordinarily become due if you had sold the appreciated securities on the open market and donated the proceeds from the sale to a charity.
  • Claiming your charitable deduction against up to 30% of your adjusted gross income. Any unused deductions can be carried forward over the next five years.
  • Providing a way to help you to achieve your long-term financial objective of reducing your income and estate taxes.

You should always consult with your financial advisor before initiating a charitable gift arrangement, to ensure that you are aware of all the possible tax benefits and implications of such a gift.

Gifts of securities to JFCS of Southern Arizona can be accepted in one of the following ways:

1) The donor may place the securities with a broker or other agent to be held for the account of JFCS of Southern Arizona at the Jewish Community Foundation of Southern Arizona, with a request that JFCS be notified by calling CEO Carlos A. Hernández, MA, LCSW, CPHQ at (520) 795-0300, ext. 2286 or clicking here to email him.

JFCS will then instruct the broker or other agent on the disposition of such securities. Or the donor may instruct his/her broker to transfer securities directly to the Jewish Community Foundation of Southern Arizona’s (JCFSA) brokerage account to be credited to JFCS, as JCFSA provides this service to facilitate such conveyances to JFCS, with the proceeds to be distributed to JFCS of Southern Arizona.

The donor should provide the following information to their broker in order to transfer the stock:

  • Brokerage Firm: Merrill Lynch
  • Account Number: 410-04080
  • DTC Number: 5198
  • Broker Contact Info: Helen Dugan or Matthew Apostolik, (520) 747-6155

The donor should then contact the JFCS of Southern Arizona’s Philanthropy Department and advise them of their gift of securities, providing their name, telephone number, stock name and number of shares.  JFCS will contact the appropriate financial administrative staff at JCFSA to confirm receipt and the details of the transaction.

2) The donor may send the unendorsed securities directly to the Vice President for Philanthropy via first-class mail, accompanied by a transmittal letter providing the donor’s name, address and purpose of the gift.

Then, under separate cover, by first-class mail, the donor must send a signed stock power for each security, along with a letter indicating the purpose of the gift and be consistent with the previously sent transmittal letter. The signature must be medallion guaranteed by a bank or broker, not simply notarized.  The JFCS Philanthropy staff will contact the appropriate financial administrative staff at JCFSA to confirm receipt and arrange for the same-day conveyance of the securities to JCFSA.

3) The donor may hand deliver the securities along with the stock power to the JFCS Vice President for Philanthropy. The JFCS Philanthropy staff will contact the appropriate financial administrative staff at JCFSA to confirm receipt and arrange for the same-day conveyance of the securities to JCFSA.

Neither JFCS of Southern Arizona’s name nor the purpose of the gift should be stated on the security or on the stock power. JFCS requests that neither the donor nor the donor’s agent send the securities to the issuer or the issuer’s transfer agent because needless delay and expense would result.

To make sure everything is handled in a timely fashion, securities cannot be sold until Jewish Community Foundation of Southern Arizona (JCFSA) staff can verify who the donor is and that the number of shares received is correct.