Giving

Gifts of Stock

Donors can contribute to Hackley through gifts of appreciated stock.
Giving stock offers a tax-saving benefit in that you avoid paying any capital gains tax on the increase in value of your security. It is important to note that to receive the tax benefit, the donor should not personally sell the security, but transfer it directly to Hackley’s account for the School to sell.

For example:
  • You purchase 10 shares of XXX at $20 for a total value of $200.
  • The XXX share price increases to $100, bringing the total value of your investment to $1,000.
  • If you donate the 10 shares of XXX directly to Hackley, you receive the same $1,000 deduction but will not pay the capital gains tax.
TD Ameritrade
DTC #0188
Account 882624087
Account name: Hackley School
Federal Tax ID #13-1740452

To process and acknowledge stock and securities gifts: Please instruct your broker in a written, dated letter the number of shares and the type of stock you are donating. Emai a copy of the letter to Teresa Weber, Director Advancement at tweber@hackleyschool.org.