About gifts of stocks, securities, & mutual funds
Many people choose to give stocks, securities, or mutual funds instead of gifts of cash. Giving appreciated assets like these help you avoid paying capital gains taxes, and can give you an income tax deduction for the full value of the gift, if you’ve had the assets for more than one year.
Give appreciated assets now and enjoy the benefits, or add us as a beneficiary of these assets and eliminate estate and inheritance tax, making the most of your gift.
Brokerage details for direct transfer
Stock gifts can also be transferred directly to Alight’s broker. Please notify us of the transfer to ensure proper acknowledgement. Once the transaction is complete, we will send you an acknowledgement.
Bank: Wells Fargo Investment Services
DTC number: 0141
Account: Alight
Account Number: 11161801
Our broker: Wells Fargo Investment Services, David Wendel, 90 South Seventh Street (11th Floor) MAC N9305-111, Minneapolis, MN 55479
Benefits
- Gifts of assets can often save you far more on taxes than gifts of cash
- Avoid all capital gains taxes
- Receive an income tax deduction for the value of the assets (if you’ve had them for more than a year)
- Make an immediate impact on our mission
How it works
- Transfer appreciated securities directly to us (and avoid all capital gains taxes).
- Receive a tax receipt for the value of the assets.
- The securities are sold and the funds put directly to use for greatest impact.
More ways to make an impact
Gifts in a will or trust
Donations in your will or trust are (by far) the most popular type of planned gift. Learn more, or get help starting your will (for free!).
Beneficiary designations
Giving assets not covered by your will – like 401(k) or IRA accounts – may result in beneficial tax implications for your heirs, even if you’re below the estate tax threshold.
Gifts that pay you back
Give assets while providing yourself or others with income for a period of time or distributions at a later date.