When you transfer some of your long held securities to the Jekyll Island Foundation, not only do you receive a charitable tax deduction equal to the full, fair market value of the securities, you pay no capital gains and neither does the Foundation.
The best way to transfer these assets to the Foundation is electronically through your broker. Avoid selling your assets and making a gift of the proceeds as this will trigger a capital gains liability for you.
In order for the Jekyll Island Foundation to acknowledge your gift and provide you with an IRS receipt, follow these steps:
• Call the Jekyll Island Foundation at (912) 635-4100 and let us know you would like to make a gift of stock.
• Provide us with your name, phone number, the name of the stock and the number of shares in the gift.
• Your broker will need the following information to complete the transfer:
Name: Jekyll Island Foundation, Inc.
Account Number: Z30281228
Fidelity’s DTC Number: 0226
Firm Name: Fidelity Investments
Fidelity Account Manager:
Kristen Sides
Phone: 404.419.9623
Email: Kristen.Sides@Fidelity.com
