Gifts of Stock and Appreciated Assets
How It Works
- You transfer appreciated stocks, bonds, or mutual fund shares you have owned for more than one year to Cato Institute.
- Cato sells your securities and uses the proceeds for its programs.
Benefits
- You receive an immediate income tax deduction for the fair market value of the securities on the date of transfer, no matter what you originally paid for them.
- You pay no capital gains tax on the transfer when the stock is sold.
- Giving appreciated stock could be more beneficial than giving cash.
Next
- Frequently asked questions on gifts of stock.
- Contact us so we can assist you through every step.
Additional Stock Transfer Instructions
To make a gift of securities, please transfer shares directly to Cato's account at Charles Schwab and Company, Account Number 2170-8366; DTC Number 0164, Code 40.
Charles Schwab
1845 K Street NW Ground Floor
Washington, DC 20006
1-800-435-4000
Please have your broker inform Cato by email to lalbanese@cato.org or fax to 202-842-3490 when the transfer has taken place.
