GIFT OF STOCK

BENEFITS OF GIVING STOCK
A gift of stock (or other appreciated property) entitles you to a tax deduction for the market value of the donated stock (not just your cost basis). If the stock you wish to donate has been held for more than one year, you can avoid capital gains tax on any appreciation of the stock by donating the stock prior to sale. The National Academies benefits by selling the stock without paying taxes on the gain, and you benefit from making a contribution that would be larger than what you might have been able to donate in cash.

TRANSFERRING STOCK TO THE NAS, NAE OR IOM
To donate shares of stock to the National Academies, electronically or by mail, please use the Notice of Intent to Transfer Stock form stating your intention to donate to the NAS, the NAE or the IOM.

HOW THE VALUE OF YOUR GIFT WILL BE DETERMINED
The value of your gift is the average price of the stock on the date the stock was electronically transferred to the National Academies. If you have mailed certificates, the date stamped on the U.S. postal service certified mail receipt as the date the stock certificates and fully-executed stock power were mailed will be used. If you use a private carrier (such as Federal Express), IRS rules recognize the gift as being completed when actually delivered, not when the certificates are sent.

For further information about making a gift of stock, please call (202) 334-2431 or email your inquiry to giving@nationalacademies.org.

This information reflects, in very general terms, how a gift might affect specified tax liabilities. This is not an effort to reflect your current tax picture or suggest that a particular gift will have the indicated result in your case; only your lawyer and accountant can do that. We suggest you consult your professionals before acting upon the concepts reflected here.