Gifts of Stock
Making a gift of appreciated marketable securities can be a way to make a larger gift at a lower cost than if the gift were made in cash. Such gifts can also have attractive tax benefits. MKA advises donors to seek professional tax advice when making tax related decisions about gifts.
If you would like to make a gift of appreciated securities, please contact F. Scott Ponicsan at Wells Fargo Advisor, LLC (973-439-1133).
Information for transferring securities is as follows:
-DTC# 0141 (Wells Fargo Advisor, LLC)
-Account # 5576 0085 (Montclair Kimberley Academy)
Client assumes responsibility of account number of client
Stock in companies that are closely held can also be given to MKA. In such instances, interested donors should contact Geoff Branigan, Director of Development & External Affairs, at email@example.com or at 973-509-7940, for instructions on obtaining necessary appraisals and procedures for transfer.