Donate Stock
Donating stocks or securities allows you to deduct the full market value of the securities for income tax purposes – just as if you had made a cash donation. The added advantage is that you'll eliminate paying capital gains taxes for which you would be responsible if you sell the assets instead. Even if you exceed the maximum allowable deduction in the year of the gift, you may be able to extend the deduction over five more years. The transfer is easy. Anyone wishing to make a stock donation should request that his/her broker transfer the security to the McCollum Group of Robert W. Baird & Co.
Contact: The McCollum Group of Robert W. Baird & Co.
Phone: 704-571-7375
E-mail:
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DTC# 0547
Account# 8858-3633
Please notify Administrative Assistant
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of the specific stock being donated so that we can trace the gift. Occasionally, stock is transferred to our account without any information relating to the donor. Obviously, we can’t acknowledge the gift if we don’t know the source. Thank you.