Gifts of long-term appreciated stock entitle you to an income tax deduction equal to the fair market value of the stock and allow you to avoid the capital gains tax that would have applied had you sold the stock, subject to tax deduction limitations. Contributions may be made directly through brokerage accounts or by physical delivery of stock certificates and powers. Owners of stock in closely held corporations may be able to use a transfer of shares to Boys' Latin as part of a succession strategy to plan their estates more effectively.
For more information on transferring securities, contact Mary Wiglesworth, Annual Fund Coordinator, at 410-377-5192 ext. 1102 or mwiglesworth@boyslatinmd.com
Stock transfer information:
The Boys’ Latin School of Maryland
DTC #8862
Account #2AY-04092
Contact:
Randi Bowen
randi.l.bowen@ml.com
Tel. +1-410-527-7779
Merrill Lynch
The O'Neil Terry Group
11333 Mccormick Road
Floor 3
Hunt Valley, MD 21031