Gifts of Securities
Donating appreciated securities to Lake Washington Girls Middle School is simple...and could benefit you, too!
A gift of appreciated stock avoids the capital gains tax on any growth in the value of the stock since you bought it. You must have owned the stock for at least a year to qualify for this significant tax advantage. Gifts of appreciated stock are deductible in one year up to 30 percent of your adjusted gross income. Any excess can generally be carried forward and deducted over as many as five subsequent years.
Donating appreciated securities to Lake Washington Girls Middle School is simple.
☛ Securities Held Electronically
If your securities are held "in street name" with your broker, send your broker the LWGMS letter of authorization to transfer (not sell) shares of specific stock(s) to the Lake Washington Girls Middle School's main brokerage account.
Your instructions should specify your account number, the date by which you wish to complete the gift, the name and number of shares you would like to donate, and the purpose of your gift, and provide the following transfer information:
Charles Schwab & Co
DTC# 0164 / Code: 40
Lake Washington Girls Middle School
Contact: Julie LaLuna, 206.709.3800
☛ Securities in Certificate Form
Please sign the stock over to Lake Washington Girls Middle School, either by endorsing the back of the
certificate or by using a stock power. Please make sure to sign your name exactly how appears on the front of
the certificate. If you have already had the certificate reissued in the name of Lake Washington Girls Middle
School, it is not necessary to provide us with a stock power. Both types should then be mailed to the LWGMS
Advancement Office at 810 18th Ave, Seattle, WA 98122.
Due to the nature of the document being mailed, we recommend that you send it via certified, registered, or express mail. When the certificate is received, it will be immediately liquidated and a receipt will be sent to you. The effective date of a gift made in this manner is the date of the postmark for certificates still registered to the donor, and the certificate date for those that have been reissued in the name of Lake Washington Girls Middle School.
☛ Mutual Funds
Please contact the LWGMS Advancement Office to discuss how to initiate the transfer at least one month in advance of your gift due to the complicated nature of this transfer. Because each mutual fund company has its own unique procedure, we will need to contact your mutual fund company or your broker to coordinate the most efficient way to make the transfer.
Thank you for your support!