Gifts of appreciated stocks or mutual fund shares provide immediate support to the school. Donors may realize substantial tax savings by transferring appreciated stock or securities to the school prior to the sale. Capital gains on the amount of appreciation may be avoided, and the donors receive a tax deduction based on the fair market value of the stock or property at the time of the gift.
A. If the stock is in a brokerage account:
Step 1: Contact your broker to have the gifted stock transferred to St. Margaret's Episcopal School's account with Charles Schwab. Here is the information you will need to proceed with the transfer:
General Information
Official Name: St. Margaret of Scotland Episcopal School
Corporate Tax ID#: 95-3408913
St. Margaret's Broker: Charles Schwab, Laguna Hills Office
23041 Ave. De La Carlota, Suite 110
Laguna Hills, CA 92653
(949) 837-1223
Account #: 8411-1902
DTC: 0164 Code 40
Step 2: Please contact David Bush in the Business Office (949) 661-0108, ext. 260 or fax information to (949) 443-1854 (FAX) or e-mail: David Bush advising him of your stock gift. Follow-up by letter to David Bush containing:
Mail to:
St. Margaret's Episcopal School
Business Office
31641 La Novia
San Juan Capistrano, CA 92675
B. If the stock gift is in the form of a stock certificate registered in your name(s):
Step 1: Deliver the stock certificate(s) plus a signed Stock Power and Third Party Release Form (forms available in the Business Office) to the St. Margaret's Episcopal School Business Office. The Business Office is located in the Ortega Business Center behind the campus. The donor's or donors' signature(s) on the Third Party Release form must be notarized for the school to sell the stock. Nancy Jones in the Business Office is a Notary Public.
Your tax deduction is the median price of your stock on the date the stock transfers to the school's name or the date you deliver your stock certificate(s) to the school.