Stocks have excellent tax advantages, especially if the stock has appreciated in value. Just as with cash gifts, you will receive a federal income tax donation for the full market value of any securities you donate, as long as you have owned them for at least one year.
If you would like to donate stock, please provide the following information to your broker:Brokerage Name: Fidelity Investments
Account Name: Reading Is Fundamental Inc.
Account Number: X37-324159
OTC Number: 226
READING IS FUNDAMENTAL, INC
750 First Street, NE., Suite 920
Washington, DC 20002
Federal Tax ID#: 52-0976257
Sample Letter to Broker (word doc)
Please inform our team of your generous stock transfer(s) so that we can properly acknowledge your gift and forward information regarding your tax deduction. Contact us via email at Development@RIF.org.
Cannot find what you are looking for or have questions? Contact us at development@RIF.org.