With a gift of securities, you may save taxes twice. First, you receive an immediate income tax deduction for the full fair market value of your securities; then, you may also avoid capital gains tax on the stock's value if it exceeds the purchase price. Should your securities have lost value you may sell the securities to claim the loss and then make a gift of the proceeds resulting from the sale.
There are some restrictions; please consult your financial / investment advisor before initiating a gift of securities.
To make a gift of securities, please provide your advisor with the following information:
UBS Financial Services
500 Grant Street, 46th Floor
Pittsburgh, PA 15219
Tel: (412) 665-9906 or (800) 605-3767
To further credit of Kiskiminetas Springs School:
General Fund Account: #OJ-66422-OK
Federal Tax EIN: #25-0995765
A gift of transferred securities is considered complete when it is received in Kiski’s account.
Kiski will value the securities by averaging the high, low, and closing sale price on the date of your gift. The averaging can cause the value of your gift to be different from the actual sale price.
Contact with questions:
Associate Head of School for Institutional Advancement
724-639-3586 Ext. 228