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Gifts of Securities

Gifts of Securities

Giving appreciated stocks, bonds, or mutual fund shares held more than one year can provide an immediate benefit to Beth El and may be more tax efficient than cash.

By making a gift to Beth El using appreciated securities held for more than one year, you may receive a double tax benefit by avoiding capital gains taxes on the appreciation of the donated asset, and by claiming an immediate deduction for the current fair market value of the property (up to 30% of adjusted gross income).

Any unclaimed portion of the deduction may be carried forward for up to five additional years, subject to the same annual limit. Because the donated property is appreciated, the benefit of the gift to Beth El may be significantly greater than its original cost to you.

To make a gift of appreciated security:

    1. Talk with your broker about the assets you’re interested in giving to Beth El.
    2. Determine if you would like to make a contribution to Beth El Synagogue or Beth El Foundation.
    3. Provide your broker with the following information to allow for an electronic transfer securities to Beth El Synagogue or Foundation.

 
Beth El Synagogue

Broker name: Charles Schwab & Co., Inc.
Account registration: Beth El Synagogue
Client Name: Client Name
Account number: 15502620
DTC Clearing number: 0164, Code 40
Account contact: Tanner Steele: 952-253-2575 or Tanner.Steele@Affiancefinancial.com
 
Beth El Foundation

Broker name: Charles Schwab & Co., Inc.
Account registration: Beth El Foundation
Client Name: Client Name
Account number: 33132062
DTC Clearing number: 0164, Code 40
Account contact: Tanner Steele: 952-253-2575 or Tanner.Steele@Affiancefinancial.com

  1. Notify Beth El of your plans to transfer securities by emailing mhaar@bethelsynagogue.org and provide the following information:
    • Your name and address
    • The securities you plan to transfer and the number of shares
    • The approximate value of the gift

DISCLAIMER
Information on this website is not intended as legal or tax advice. Please consult your professional advisor for information on how any gift may affect your tax situation.