For stock held in brokerage accounts, your broker can assist you in making a gift of stock via a direct transfer to IINE. Your charitable income tax deduction is equal to the fair market value of the stock and you avoid paying the capital gains tax on any increase in the current value over the original cost of the stock. You may also save on brokerage fees because you are transferring ownership rather than selling the stock.
IINE’s Tax ID #: 04-2104325 IINE’s Brokerage House: Fidelity IINE’s Broker is Frank Benison and his assistant is Kevin Murphy. His # is 617-367-3469, email:firstname.lastname@example.org
*Please note for mutual fund gifts, or gifts of stock not held in brokerage accounts, please contact Frank Benison (above).