There are many benefits to donating appreciated securities to Gwynedd Mercy: 1) you receive the same income tax savings you would if you wrote a check or made a credit card gift online, 2) you have the added benefit of eliminating capital gains taxes on the transfer, which can be as high as 20 percent, and 3) your dollar goes further than if you were to sell the stock and donate the cash because the money you would have paid in taxes can instead go fully to the Gwynedd, maximizing your philanthropic impact of our Mercy mission.
Making a gift of appreciated securities also is as easy as instructing your broker to transfer the shares. Below is the information you need to assist in facilitating your stock transfer:
Gwynedd Brokerage Firm: Charles Schwab
Gwynedd DTC #: 0164
Account Name: Gwynedd Mercy Academy High School
Account #: 84144426
Gwynedd Tax ID Number: 23-1740598
Prior to the transfer, please be sure to notify Colleen Belz Frascatore ’89, director of advancement, with the name of the stock and number of shares so Gwynedd can ensure your gift is received and processed accurately. Colleen can be reached at cfrascatore@gmahs.org or 267-946-0948.