Stocks

Donating stock or securities offers a number of benefits:

• A federal income charitable contribution tax deduction based on the stock’s fair market value on the date of the gift (up to 30% of your adjusted gross income) if the stock was owned for more than one year;
• Carryover of the deduction for up to five additional years if the fair market value of the gift is more than 30% of your adjusted gross income; and
• Avoidance of capital gains tax that is due when you sell appreciated stock.

Note: Stock owned for one year or less is considered a short-term asset and usually won’t produce attractive tax benefits. If your stock has decreased in value, selling it and making a cash gift to the CFCC Foundation is probably more beneficial than keeping it. You can take a capital loss on federal taxes and still enjoy a charitable deduction of up to 50% of your adjusted gross income.

How to Donate Stock

Each stock gift we handle strengthens the CFCC community while providing tax benefits for supporters. Please follow these step-by-step instructions to help you take advantage of this meaningful opportunity:

Stock Held by a Broker

Give your broker the following information to transfer a gift of stock to the CFCC Foundation: Ask your broker to contact Charles Schwab at 800-646-4710 . Stocks liquidated through Charles Schwab will be received without fees. Please name the Cape Fear Community College Foundation as your beneficiary. Your broker may request the following information: DTC #: 0164 Account #: 6812-9397 Account Name: Cape Fear Community College Foundation, Inc. 501(c)3 Tax ID #: 58-1308578

Stock Certificate Held by a Supporter

Contact us to inform the Foundation that you are making a gift of stock. Using registered mail, send your unendorsed securities to: Cape Fear Community College Foundation 411 N Front St Wilmington, NC 28401 In a separate envelope to the same address, send:

• A letter stating you wish to contribute the securities to the CFCC Foundation, including the name and number of shares of each stock; and
• A signed, but otherwise blank, stock power form. (Contact us at dbreedlove@cfcc.edu if you need a blank form.)

Please inform us if your stock gift will be eligible for an employer matching gift contribution. If you have any questions or need additional information about stock gifts, please call the Advancement Business Specialist at 910-362-7712 or contact us online. We recommend that you consult with your attorney or tax advisor for the various tax benefits and restrictions that may apply to your specific financial situation. We are available to you and your advisors to answer questions or help arrange any gifts to the CFCC Foundation.