Gifts of Stock

Donating Appreciated Assets

A charitable contribution of long-term appreciated securities — i.e. stocks, bonds and/or mutual funds that have realized significant appreciation over time — is one of the most tax-efficient of all ways to give. The two key advantages:

Any long-term appreciated securities with unrealized gains (meaning they were purchased over a year ago, and have a current value greater than their original cost) may be donated to a public charity and a tax deduction taken for the full fair market value of the securities — up to 30% of the donor's adjusted gross income.

Since the securities are donated rather than sold, capital gains taxes from selling the securities no longer apply. The more appreciation the securities have, the greater the tax savings will be.

Before the Transfer Occurs

In order for us to accurately identify, allocate and acknowledge your gift, please take a moment to notify the Office of Business and Development at (508) 228-0427 extension 1012. Please note that Nantucket Lighthouse School cannot sell the securities unless we know the identification of the donor.

For Securities Held by Your Broker

If your broker (or bank) holds your securities, your gift can be electronically transferred to Nantucket Lighthouse School. Your broker will need the following information about Nantucket Lighthouse School’s account:

Fidelity Investments
100 Crosby Parkway
Covington, KY 41015
Phone: 1-800-544-6666
Fax: 1-877-236-8113

Nantucket Lighthouse School’s Account # is Z50339130
Nantucket Lighthouse School’s DTC (Depository Trust Corp) # is 0226

For Securities Held by You

If you, the donor, hold security, please send the unendorsed certificates with a letter of transmittal giving name and address to:

Chad B. Small
Nantucket Lighthouse School
1 Rugged Road
Nantucket, MA 02554

Phone: (508) 228-0427
Fax: (508) 228-2395

In a separate envelope, mail to the same address a stock or bond power, signed exactly as the certificate is registered, and do not fill in any other information. Do not re-register the shares into the name of Nantucket Lighthouse School. You may obtain blank stock powers from your broker or bank. Please include a letter stating the purpose of your gift with the certificate(s).

NOTE: It is very important to mail the security certificate and the signed power separately and it is recommended that the certificate be sent by certified mail with return receipt.

If you have any questions, please call the Office of Business and Development at (508) 228-0427 ext. 1012.