The donation of securities
can be a good way for the donor to save on substantial capital gains taxes while
assisting the school. Often donors have stock that they may have bought or
inherited many years ago. While the stocks might not be paying a very
large dividend, if you were to sell these stocks, large capital gains taxes
would be due.
Benefits of Donating Securities
Leaves a legacy for the school, aiding it in continuing its mission.
Capital gains taxes are eliminated.
If used to fund an annuity or other planned giving vehicle, provides lifetime income at a fixed rate of return much higher than
current CDs, money markets or stock dividends.
Donors of stock are encouraged to consult their brokers or advisers. To
transfer stock electronically, please use the following information, or contact
the Development Office.
Attn: Paul Annunziato
1325 Frankin Avenue
Garden City, NY 11530
Account No: 840-04E89
Account Name: St. Elizabeth School
Attn: Sr. Noreen Nolan, OP
ACCREDITED MEMBER OF THE MIDDLE STATES ASSOCIATION OF COLLEGES AND SCHOOLS
612 West 187th Street, New York, NY 10033 | Phone: (212) 568-7291
(212) 928-2515 | CONTACT copyright @ St. Elizabeth School