Give a Gift of Stocks
The Mystic & Noank Library accepts the transfer of appreciated securities directly from you or from your broker. With tax advantages for the donor, many individuals have provided gifts to the Library through a gift of appreciated securities.
When using your broker or bank, the transfer may be made electronically. Please advise your agent to contact Karen Bradshaw, the library's Director of Development via email or call (860) 572-8191 for transfer instructions.
To properly track and acknowledge your gift, we will need to know the name of the stock and the number of shares being transferred. The Director of Development can then alert the Library's agent that the transfer is forthcoming. This allows the agent to confirm receipt of the transaction.
The date of the gift for tax-purposes is defined as the day the gift is released by an agent to the Library's account. The value of the exchange-listed securities for tax purposes is the average price as quoted by the markets on that date.
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