Appreciated Securities

There are several ways to transfer securities to Testicular Cancer Foundation (TCF) : electronic transfer, mailing certificates, or hand delivery.

Please consult your Tax Advisor for details on why transferring stock is the preferred way to donate to a 501c3 organization.

According to Fidelity Investments Website: Fidelity Charitable Website

Dependent upon their adjusted gross income (AGI) and filing status, some top-rate taxpayers now face a 20% capital gains tax rate as well as the new 3.8% Medicare surtax on net investment income. This tax treatment may make donating appreciated securities and complex assets more tax-efficient. However, in any tax year donating long-term appreciated securities to charity (rather than selling the securities first and then donating the after-tax proceeds), can have multiple benefits:

  • You owe no taxes on the capital gains, so the charities to which you donate receive a larger donation.
  • You may be eligible to take an income tax charitable deduction for the full fair market value of the donated securities — up to a maximum of 30% of your adjusted gross income (AGI) for contributions to public charities. (Any amounts in excess of the 30% limit can be carried forward for up to five years.)

 

ELECTRONIC TRANSFER

The most popular and most efficient way to transfer securities to Testicular Cancer Foundation (TCF) is by electronic transfer.

If your stock is held at a broker, notify the broker that you wish to make a gift of securities to TCF. Your broker will need written authorization from you before they can make the transfer. Be sure to tell them the name of the stock that you want to transfer, the number of shares, and where you would like your gift to be designated when it reaches TCF. A TCF transmittal form (TCF Stock Form) can be used in place of a letter. Please mail or scan a copy of your authorization letter or the stock transmittal form to the following address:

Matt Ferstler, Testicular Cancer Foundation, 12600 Hill Country Blvd., Suite R-270, Austin, TX 78738 Email: Matt@TCancer.org

MAILING STOCK CERTIFICATES

If your securities are not held at a broker then you can either mail or hand deliver the certificates directly to TCF offices. If mailing, send your unendorsed certificate(s) and a cover letter (including your name, address, and purpose of the gift) in one envelope. In a second envelope, send a signed, signature guaranteed, stock power. We strongly recommend using registered mail to forward your certificates and stock power. A stock power form can be obtained at your local bank.

HAND DELIVERY

Certificates must be given to either Matt Ferstler or Roy Nierdieck at TCF offices. NOTE: Please DO NOT mail endorsed certificates! Once the certificate is endorsed, it is legal tender and can be exchanged by anyone. It is strongly recommended that certificates not be sent to a transfer agent for registering in TCF’s name. This procedure is unnecessary and results in needless delays of the transfer.

VALUATION OF STOCKS AND BONDS OR GIFT CREDITING

For information regarding the valuation of stocks and bonds or gift crediting, please contact the Office of Testicular Cancer Foundation at 1-855-390-8231 x1 or info@TCancer.org. Please consult your CPA to get more info.