Donating Gifts of Appreciated Stock

The Connection Fund accepts gifts of appreciated stocks, bonds, and mutual funds to support our results-oriented work.  Donating the full value of your shares is a quick, easy and tax-efficient way to make a lasting contribution to empower us in our efforts to transform lives in Connecticut.


How to Transfer Stock
To transfer appreciated stock to The Connection, please furnish the information below to your broker, or contact Darrin DellaVecchia with Citizens Bank Investment Services at (860) 685-8814.  Please take a moment to notify us prior to every stock transfer in order for us to accurately identify, allocate and acknowledge your gift.  Ask your broker or bank to include your name in the transaction description to ensure proper identification and acknowledgment of your gift.

Broker:    Citizens Bank Investment Services
Citizens Bank Depository Trust Company (DTC) Number:    0226
The Connection Fund Brokerage Account Number:    N6C-031070
The Connection Fund Federal Tax ID Number:    11-0017051


Benefits
  • Income Tax Savings - You can take an income tax deduction of up to 30 percent of your adjusted gross income. The excess can be carried forward for up to 5 years.
  • Capital Gain Tax Savings - Avoid capital gain taxes you would have incurred if you had sold the security.
  • Receive Income - By funding a life-income gift with securities, you could receive income during your lifetime.


How It Works
Bob purchased $5,000 worth of XYZ Stock, which is now worth $10,000.  He can use this $10,000 to make a gift to The Connection and realize the tax savings.  Bob may take a $10,000 charitable deduction on his federal income taxes, saving between $1,000 to $3,500 in federal income tax (depending on his tax bracket) and avoiding a capital gain tax of $750.


Contact Us
Would you like more information on gifts of securities or other gifts of appreciated assets?  Please contact Michael Woolworth, Director of Fund Development, at 860-343-5500, ext. 2115, or via email.


More Information on Charitable Giving
The Connection holds membership in the Connecticut Council on Philanthropy, Association of Fundraising Professionals, and the Planned Giving Design Center.  For more information on charitable giving, please visit the Leave A Legacy Connecticut website.
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