Donating appreciated stock is a simple, tax-efficient way to maximize your impact.

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Why Donate Appreciated Stock?

• Avoid capital gains taxes on appreciated positions.

• Increase the value of your charitable gift.

• Support Capstone’s campus expansion or direct your gift to a priority such as the Youth With Promise tuition assistance program.

 

How the Process Works:

• 1. Notify Capstone of Your Intent

  • Contact Jessica Price at Capstone Christian Academy to share:

    • Your name

    • The positions/shares you intend to donate

    • Any designation (campus building fund, scholarship fund, etc.)

 

• 2. Provide Your Brokerage with Transfer Instructions

  • Ask your financial institution to transfer shares using the following information:

    • Recipient: Capstone Christian Academy

    • Brokerage: Fidelity Investments

    • Account Number: Z40-448936

    • Capstone’s Tax ID (EIN): 20-0166381

    • Fidelity DTC Number: 0226

    • Fidelity TOA Receiving Address:

Attn: TOA Receiving

PO Box 770001

Cincinnati, OH 45277-0036

Phone: 800-343-3548

 

• 3. Processing Timeline

  • Timing varies by firm but transfers typically complete within 3 business days once paperwork is in good order.

  • Brokerage firms communicate daily with Fidelity and will coordinate directly with their processing center.

  • To reflect in the current tax year, assets must be received into Capstone’s account (not the date when you initiate the transaction) by December 31st

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• 4. Tax Receipt & Valuation

  • Per IRS Publication 561, the tax-deductible value of your gift is the fair market value of the shares on the date a charity receives the stock. This is calculated as the average of the highest and lowest price per share on the date the shares are received in Capstone’s account.

  • Capstone will issue a gift acknowledgment for the number of shares, confirming the date, but cannot assign a value. You must calculate it. Again, this is based on the average of the highest price and lowest price on the date received by Capstone.

  • Donors must file IRS Form 8283 when claiming non-cash charitable contributions and itemizing deductions.

 

Two helpful tips to consider when donating

To maximize the tax deduction on assets that have appreciated in value, avoid selling your stock and then gifting the cash to a nonprofit, which will expose you to the full capital gains liability. Instead, give the appreciated shares where Capstone will subsequently sell the shares of individual stocks promptly and as a 501c3 nonprofit pay no capital gains tax.

If the asset you wish to gift has declined in value since you purchased it, it is generally advisable to sell the asset, claim the capital loss on your taxes, and then donate the value/proceeds. You will then receive a deduction for the loss on the assets sold in addition to the cash proceeds donated in this case.

 

Thank You for Supporting Capstone Christian Academy
Your thoughtful planning helps us build world changing leaders, one student, one family, and one faithful step at a time.

 

All correspondence and questions should be addressed to:
Jessica Price, Capstone Christian Academy
Director of Finance
985 E. Serene Avenue

Las Vegas, NV 89123
Phone: (702) 463-9350
E-mail: JPrice@CapstoneChristian.com