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Gifts of Securities
Increasing numbers of donors are making gifts to the French Institute Alliance Française using appreciated securities including stocks, bonds, and mutual funds.
Securities held for at least a year, which have increased in value since the time purchased, will receive extra tax savings when used as a donation. When your securities are given directly to the French Institute Alliance Française, your charitable deduction will be for the full fair market value of the security at the time of the transfer and you will also avoid paying capital gains tax.
Click on a link below:
- Benefits of Non-Cash Giving
- Donate Stock Certificates you Hold
- Transfer Shares Electronically
- Effective Date & Value of your Gift
- Mutual Funds
If you’re considering making a gift of securities, please contact:
Jess Burkle, Development Coordinator
jburkle@fiaf.org / 646 388 6680
Benefits of Non-Cash Giving
- Eliminate capital gain taxes
- Increase charitable deductions
- Lower estate taxes
- Enables you to make a greater impact in the cultural exchange between the French-speaking
& American communities
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Donate Stock Certificates you Hold
You may deliver your stock certificate to your broker in order to have a new certificate issued in the name of the French Institute Alliance Française. Our tax identification number is 13-1624099. This certificate can then be mailed to us without endorsement.
You may endorse a stock certificate to the French Institute Alliance Française, by printing and completing the Stock Power of Attorney Form and the Security Waiver Form. One Stock Power of Attorney Form must be filled in for each company whose stock you are transferring. All relevant information should be filled in, with the signature(s) matching the name(s) that appear on the face of the certificates. Include both names if the stock is jointly owned. The Stock Power of Attorney Form(s) must also be notarized.
Send the certificates and stock powers in separate envelopes. Send the signed stock power in one and the stock certificate(s) in the other with a letter (also signed by the owner(s) of the stock) stating that the stock is being donated to the French Institute Alliance Française.
Mail the paperwork to:
French Institute Alliance Française
Attn: Jess Burkle - Stock
22 East 60th Street
New York, NY 10022
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Transfer Shares Electronically
It is very important that you contact Jess Burkle, Development Coordinator at 646 388 6680 / jburkle@fiaf.org when the transfer has been completed.
We will need to know the number of shares, the name of the security, the purpose of the gift, and your name and address. We need this information to properly acknowledge your gift because an electronic transfer of shares does not include a notification of donor.
For further information about Brokerage Firm, Account Number & DTC number, please contact us at 646 388 6617.
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Effective Date & Value of your Gift
Your gift of stock or publicly traded securities will be valued based on the mean market price of the securities on the gift date. We will provide you with a receipt for your tax records. FIAF determines your gift date according to the guidelines below.
- By mail: it is the later of the postmark dates of your separately mailed stock certificates and stock powers.
- By electronic transfer, it is the date that the securities enter FIAF account.
- By hand, it is the date that a FIAF employee receives the stock certificates and stock powers of attorney.
- By re-registering securities in FIAF name yourself; it is the date on the new certificates. (This method takes the longest.)
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Mutual Funds
Most mutual funds require us to have an account with them in order to receive your shares.
Please contact Jess Burkle, Development Coordinator, at jburkle@fiaf.org / 646 388 6680, so that we can provide the information needed for your transfer.
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