Avoid paying capital gains tax:
Donate appreciated stocks, bonds or mutual funds
Make a bigger impact by donating long-term appreciated securities, including stock, bonds, and mutual funds, directly to Serra Center. Compared with donating cash, or selling your appreciated securities and contributing the after-tax proceeds, you may be able to automatically increase your gift and your tax deduction!
How does it work? The benefit of donating appreciated securities is that your gift is an income tax charitable deduction at the current value of the stock, not the amount you originally paid for it (cost basis). In addition, if those assets have been held for more than one year, you will not have to pay capital gains on those assets. By giving securities, you can maximize the size of your charitable gifts to Serra Center, conserve cash you would have given, and enjoy tax benefits!
STEP 1: Transfer shares held at a securities firm or other brokerage account
Provide the following instructions to your financial advisor or the institution where securities are held to transfer the shares to:
Charles Schwab
DTC # 0164
Code # 40
Account # 5336-8048
Account title: Serra Residential Center, Inc
Instruct your broker to enter identifying information (i.e. your name and address, phone number, account number, broker information) into the “Text Comment” field of the DTC screen.
If you would like to transfer shares of mutual funds, or if certificates/shares, please contact Serra Center's Development Department for additional instructions at (510) 477-1000, ext.130 or fyokeiii@serracenter.org.
STEP 2: Notify Serra Center
Securities donations often transfer with no accompanying donor information. In order for Serra Center to identify your gift and send a tax receipt, please provide the gift details requested below:
Donor Name
Donor Address
Donor Phone
Donor E-mail
Name and Type of Security
Number of Shares
Approximate Transfer Date
Name of Brokerage Firm
Email this information to the Development Department at fyokeiii@serracenter.org