Gifts of Appreciated Security
qualified charitable distribution (QCD)
The gift of stock and other securities is an easy way to benefit survivors served by The Retreat. Gifts of stock and other securities may be made directly to the The Retreat. A gift of appreciated stock is often more beneficial than cash, since the donor is eligible for a charitable income tax deduction for the fair market value of the stock and does not have to pay capital gains tax on the sale of the stock by the charity.
After The Retreat receives this form and our broker confirms the donation of securities, the development staff will issue an official acknowledgment letter to the donor. This letter will indicate the number and type of shares received and date the stock was converted into a gift (day when record ownership of stock was transferred to The Retreat).
All contributions are tax-deductible to the fullest extent provided by law. Every effort will be made to sell non-marketable securities as quickly as possible. For tax purposes, the value of the stock will be an average of the high and low prices on the date of the gift. The donor should be aware of possible tax implications. Please contact your tax advisor for complete tax deductibility rules.
Please call for support in making your donation. We want to make every effort to obtain and provide you with the correct information that pertains to your gift and to acknowledge your contribution appropriately.
For more information call 631-329-4398, ask for Kim Nichols, Development Director or MariBeth Klucina, Finance Director.