I will give: Your financial gifts support our programs and services to help people achieve independence.
Gifts of stock help Goodwill provide programs and services to more individuals, while providing donors with attractive tax benefits. If you’ve held securities for more than a year—and if the value has increased since you originally acquired them—using these shares of stock as the basis for your gift to Goodwill can offer considerable advantage.
Or, if you own shares of stock that are no longer increasing in value, you may want to consider using them—instead of cash—to make a gift, or to establish a charitable gift annuity, which offers a steady stream of income, while also providing tax benefits.
How to Make a Gift of Stock to Goodwill
Transferring shares electronically:
Today, most gifts of stock are made through the DTC (Depository Trust Company). Through the DTC, your broker will transfer shares of stock from your brokerage account into Goodwill’s account. The mean value of your donated shares on the day of their sale will determine the Fair Market Value attributed to your gift of stock. You simply need to provide your broker with the following information:
FFC: Morgan Memorial Goodwill Industries
Boston Private Bank & Trust Company
DTC # 2039
ABA # 011002343
Credit Account # 4035871
Goodwill Gift Account # 755D6193
To ensure that your gift of stock is accurately acknowledged, please contact the Goodwill Development and External Affairs office at 617-541-1259 to provide advance notice of the transfer (e.g., the name of the stock and the number of shares). Upon transfer of the shares, Goodwill will send you a letter of acknowledgment for your financial and tax records.
Transferring shares held in certificate form:
If the securities are held in certificate form and in the possession of the donor, use regular or registered mail to send the unendorsed certificates and a Letter of Transmittal stating that the enclosed shares are a gift to Goodwill to:
Morgan Memorial Goodwill Industries
Department of Development and External Affairs
1010 Harrison Avenue
Boston, MA 02119
Under separate cover, send a signed Irrevocable Stock Power (Download PDF) for each stock certificate and a copy of the Letter of Transmittal to the same address (above). A sample blank Irrevocable Stock Power form is below, or one can be obtained from a bank or broker. PLEASE NOTE: Except for the donor’s signature at the bottom of the form, this form should not be completed. PLEASE DO NOT SEND THIS FORM WITH THE STOCK CERTIFICATES.
Please note that Goodwill’s legal name is Morgan Memorial Goodwill Industries, Inc.; EIN # 04-2106765.
Morgan Memorial Goodwill Industries was founded in 1895 in Boston’s South End to provide residents with jobs and to furnish the community with low-cost goods. It was the first in what is now a worldwide network of 175 independent affiliates.
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