A gift of appreciated stock can be an excellent way for you to support Phi Kappa Phi. It also helps you avoid capital gains tax and allows you to take a charitable deduction. Outright gifts of marketable securities for current operations or endowments can be made in several ways.
Arranging a transfer is the easiest way to give appreciated stock. If your broker holds the shares, provide a letter to your broker with a request to transfer with the following information:
Charles Schwab DTC Number: 0164, Code: 40
Account Number: 1802-6201
Tax I.D. Number: 95-1856406
If you hold a stock certificate, the unendorsed certificate and a properly executed stock power, in blank, should be sent via Federal Express, or a similar guaranteed overnight delivery service. You do not need to have the stock certificate reissued in the name of Phi Kappa Phi.
Note, the stock power must be sent separately from the stock certificate and signed identical to the way that your name is shown on the stock certificate. You can mail the items to The Honor Society of Phi Kappa Phi, 7576 Goodwood Blvd., Baton Rouge, LA 70806.
A gift of mutual fund shares is handled differently than appreciated stocks and requires additional processing time. For instructions, please contact Brad Jewell.
Please consult your tax professional for advice related to your particular financial situation.
If you have questions about making a gift of securities to The Honor Society of Phi Kappa Phi, please contact Brad Jewell at 225-923-7701 or firstname.lastname@example.org.