Donating securities can be a tax-wise way for you to support Environmental Advocates of New York’s mission. In order to be fully deductible, the gifted securities must have been held by you for more than one year.
- You can receive a charitable income tax deduction equal to the fair market value of the donated securities.
- You can completely avoid capital gain tax that you would owe on the difference between the cost basis, or purchase price, and the price at which the asset is sold.
Instruct your broker or bank to transfer your stock gift to broker Mary Greenwood-Ellsworth at: Merrill Lynch:
Account #: 5NN-04E68
Phone number: (518) 383-8946
Also, please contact Environmental Advocates of New with your name, the name of the company, and the number of shares you are donating so that we may initiate the transfer and acknowledgement of your gift:
Environmental Advocates of New York
353 Hamilton Street
Albany, NY 12210