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Donating long-term appreciated stock offers you a two-fold tax saving. First, you avoid paying any capital gains tax on the increase in value of your stock. In addition, you receive a tax deduction for the full fair market value of the stock on the date of the gift. Check with your accountant for the details - and whether this is appropriate for your particular situation.
If you are considering making a donation of securities to the Trenton Area Soup Kitchen, please refer to the following guidelines.
If securities are held by your bank, mutual fund or brokerage firm, please instruct your investment representative to wire transfers to:
DTC Number 5198
Account 876-04 D 74
For credit Trenton Area Soup Kitchen
Please notify Mr Donald Loff and Mr. Zack Warringer at Loff Group of Merrill Lynch if you intend to transfer securities by wire. You can reach Mr. Loff or Mr. Warringer at (609) 243-7813.
Upon transfer of the securities, please send a letter to TASK, 72 1/2 Escher St. P.O. Box 872, Trenton, NJ 08605 or send an email to email@example.com. Please include the donor's name, address and date of donation, as well as the name and amount of the securities donated.
If you wish to donate securities that are in your possession, you will need to sign a document known as a 'stock power' and have your signature guaranteed by your bank or brokerage firm. The stock power should be mailed to:
The Loff Group
7 Roszel Rd. 4th floor
Princeton, NJ 08540
Please mail the stock certificate under separate cover and include a letter with your name and address along with instructions to deposit the stock in account 876-04 D 74, Trenton Area Soup Kitchen. The stock certificate should be mailed via certified mail, return receipt requested, to The Loff Group at the above address.
The Board of Directors of the Trenton Area Soup Kitchen has a strong commitment to donors' privacy rights. Consistent with that commitment, we hereby guarantee that we will not sell or trade donors' personal or contact information with anyone else, nor will we send mailings on behalf of other organizations to our donors.
TASK's Tax ID# is 22-2392881.