Stock Transfer Gift
Benefits of Giving Stock
A gift of stock (or other appreciated property) entitles you to a tax
deduction for the market value of the donated stock (not just your cost basis). If the
stock you wish to donate has been held for more than one year, you can avoid capital gains
tax on any appreciation of the stock by donating the stock prior to sale. Shambhala benefits
by selling the stock without paying taxes on the gain, and you benefit from making a contribution
that would be larger than what you might have been able to donate in cash.
Transferring Stock to Shambhala
To donate shares of stock to Shambhala, electronically or by mail,
please use a letter of transmittal stating your intention to donate to Shambhala.
Send the letter to both our broker and to the Shambhala
Finance Office. Contact information for our brokers in the US and Canada can be found
below.
Receiving US stocks on our behalf is:
A.G. Edwards & Sons, Inc.
One New Hampshire Avenue, Suite 100
Pease International Tradeport
Portsmouth, NH, 03801
Account Name: Vajradhatu
Account #: 6287-3386
DTC #: 0201
Receiving Canadian securities on our behalf is:
CIBC World Markets Inc.
Account Transfer Department
BCE Place
161 Bay Street
Toronto, Ontario, M5J 2S8
c/o Vajradhatu Buddhist Church
Account # 2715000317
FINS #: TO79
CUID: WGBD
DTC: 5030
How the Value of Your Gift Will Be Determined
The value of your gift is the average price of the
stock on the date the stock was transferred to Shambhala.
If you would like further information about making a gift of stock, contact us at (902)
425-4275 or finances@shambhala.org.
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