Donations of appreciated securities are recorded as a charitable gift at the appreciated amount. In most cases, the donor will receive a greater tax benefit than if the appreciated securities are sold and the cash is donated. Also, by donating appreciated securities you can avoid recording a capital gain in the security (assuming the investment has appreciated and that you have held the asset for more than one year). You should check with a tax professional before initiating any transfer of securities.
Donated securities can be sent to our account:
JP Morgan Wealth Management
1230 Avenue of the Americas
New York, NY 10020
DTC Number: 0352
Beneficiary: The Geneva School of Manhattan
Beneficiary Account Number: 20258722
Upon transfer of stock, please contact our Finance Manager so we can complete the stock sale.
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