Make a Gift of Stock
How to Make a Gift of Stock
Making a gift of stock to John Tracy Clinic is easy to do, and can provide significant tax advantages for many donors. In most cases, you will receive an income tax deduction based on the full market value of the stock on the day that John Tracy Clinic receives it. In addition, you can avoid capital gains taxes that you would pay on the appreciated value of the stock if you were to sell it yourself and make a gift of the proceeds to John Tracy Clinic. You should check with your tax advisor for specific information about tax benefits. John Tracy Clinic’s Stock Policy, as approved by the Board of Directors, is to sell securities immediately upon receipt.
STEP ONE
Please contact John Tracy Clinic’s Development Office to notify the organization of your intent. The Development staff can provide you additional information and will work with the stock broker to ensure that the transaction will proceed in a timely fashion. Development Office: (213) 748-5481
STEP TWO
Provide a letter of instruction to your broker or mutual fund company indicating your intent to make a charitable gift to John Tracy Clinic. Your broker or mutual fund company can provide you with specific requirements they may have (e.g., you may need to have your signature “guaranteed” or notarized; they may have a recommended way to deliver certificates if your stocks are not in “street name, “etc.). Please note that gifts of mutual funds can take up to 7-10 business days to be transferred.
Your letter should include the following information:
Account Name: John Tracy Clinic
Account No.: #6142-9545
Delivery Instructions via DTC: Charles Schwab Institutional, #0164
John Tracy Clinic Tax I.D.: 95-1642393
STEP THREE
Provide a copy of the letter that you sent to your broker or mutual fund company to Brandon Adrian, John Tracy Clinic’s Portfolio Manager at Lido Advisors, Inc. at the contact information listed below. Providing this letter will allow your stock gift to be matched with your name which will, in turn, allow us to acknowledge your gift in a timely manner.
Brandon Adrian
Managing Director, Portfolio Manager
Lido Advisors, Inc.
9100 Wilshire Blvd., Suite 350W, Beverly Hills, CA 90212
Phone: 310.278.8232 Ext. 106, FAX: 310.278.8267, email: badrian@lidoadvisors.com
Most donors find that making a direct transfer of stock through John Tracy Clinic’s stock broker is the most convenient way to make a gift of this type. Occasionally, however, donors prefer to make a gift of stock in other ways. Please call John Tracy Clinic’s Development Office to make the necessary arrangements.