A gift of appreciated securities (stocks, bonds,
or mutual fund shares) that you have held for more than one year
is frequently the most economical way to make a gift. You are eligible
to take a federal income tax deduction equal to the fair market
value of the security on the date of the gift for up to 30 percent
of your adjusted gross income with a carry-over of any excess for
up to five additional years. You will not have to recognize the
appreciation as capital gain. Check with your financial advisor
for more information.
Transfer securities in two ways:
1) Your broker may electronically transfer ownership of the stock
to Charlotte Country Day School's account at Charles Schwab (see
account information below).
notify or have your broker notify Beth Faircloth, Gift Processing Specialist,
at (704) 943-4538 when you have initiated an electronic transfer
for donations of stock.
Please note: Stock transfers must be initiated by June 1 in order to allow time for processing by our June 30 fiscal year end.
Give your broker the following information:
Account Name: Charlotte Country DaySchool
Federal I.D. #: 56-0623935
Account Number: 41649251
Transfer To: Charles Schwab
DTC #: 0164
2) Another option is to mail stock certificates, unendorsed, with
a signed stock power (available from your financial services provider),
in separate envelopes to:
Beth Faircloth, Gift Processing Specialist
Charlotte Country Day School
1440 Carmel Road
Charlotte, NC 28226
For questions, please call Beth Faircloth at (704) 943-4538.