Giving to NORCAL Golden Retriever Rescue




Appreciated Securities

Your outright gift of long-term, appreciated securities (stocks, mutual funds, and bonds) is exempt from capital gains taxes and, in most cases, enables you to obtain a charitable income tax deduction equal to the market value of the securities at the time of transfer, for up to 30% of your adjusted gross income. Any excess can be carried over for up to five additional years.

In considering a transfer of appreciated stock or mutual fund shares, it is important to transfer the actual shares, not to sell the shares first and then donate the proceeds. To receive the benefit of avoiding capital gains tax, ask your broker to transfer the appreciated securities directly from your account to NGRR's account at Paine-Webber in Palo Alto. (If you have physical possession of the stock you wish to give, please contact Jack Agresti, NGRR's Fundraising Coordinator. To make an electronic transfer, here's what to do:
  1. Write a letter instructing your broker to transfer a certain number of shares of a specific company stock or mutual fund (i.e., 100 shares of International Paper) from your account to NGRR's account at Paine Webber via DTC 0221, #OA-22657-04.  The letter does not need to be notarized or mailed in any special way, and you do not need to specify the ticker symbol of the stock. Make two photocopies of the letter, and send the original to your broker at his or her correct address.
  2. Keep one copy of the letter for your files. Send the second copy to NGRR, 405 El Camino Real, Suite 420, Menlo Park, CA 94025-5240.   It is extremely important that we receive a copy of your letter to your broker!  You may not receive documentation the IRS requires to substantiate your charitable contribution unless we are notified of your electronic funds transfer.
  3. You may wish to call your broker to confirm that s/he has received your letter.  Your broker is required to carry out your transfer instructions within 7 days.  If there are less than 7 days left before the end of the calendar year, call Susan Worth at 808-826-5586 so that we can help facilitate a timely transfer for you.
  4. Wait for a letter from NGRR that says "Thank you!" and gives you the exact value you can claim as your charitable tax contribution for the calendar year.  Then sit back and enjoy the wonderful feeling of knowing that your gift will make a real difference in the life of a Golden in need.

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