Giving Securities
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It is possible to deduct the full fair market value on the date of the gift of property donated to Frenchman Bay Conservancy, including appreciated stock. By making gifts of appreciated stock, instead of selling them first and donating the proceeds, you can avoid paying the capital gains tax on the sale and maximize your charitable donation as well as your deduction. |
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To make a gift of appreciated securities:
Your broker should deliver your securities through DTC to Frenchman Bay Conservancy's investment account at Union Trust Company. Address inquiries to Janice Guyette at
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Union Trust Company
Trust Department
66 Main Street, P.O. Box 479
Ellsworth, ME 04605
Phone: (207) 667-2504 |
Here is the information your broker will need:
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DTC# |
901 (Bank of New York) |
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Account# |
367852 |
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FBC Account# |
2934 |
Your broker must send a statement to Frenchman Bay Conservancy with your name and address, the mean value of the stock on the day it was given, and an accounting of any fees or transfer taxes.
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To make a gift of Government Securities or Mutual Funds, contact Janice Guyette at Union Trust Company, 207-667-2504, for transfer instructions. |
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Frenchman Bay Conservancy's federal tax ID number is 22-2849309 |
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