| Helping children in your community has never been easier or more beneficial. Now you can donate your securities, including stock, bonds, and mutual funds to support Big Brothers Big Sisters Southeastern PA. As a donor, you are entitled to take a charitable deduction for the full fair-market value of securities held longer than one year, and you may be able to avoid paying capital gains tax that might otherwise be due if you sold the securities.
Donating publicly traded stock or bonds held by a bank or broker
If your stock is held at a bank or in a brokerage account, send instructions to your broker or banker with a full description of the securities and your intention to make a donation to Big Brothers Big Sisters Southeastern PA. Securities can be sent electronically using the following transmittal instructions:
Transfer to DTCC # 0443
Beneficiary: Pershing LLC
Ultimate Beneficiary: Big Brothers Big Sisters Southeastern PA
Ultimate Beneficiary Account Number: 35T-028832
Pershing Contact Information: One Pershing Plaza, Jersey City, NJ 07399, (201) 413-4687
In addition, please advise us of your gift by contacting Kerry DiBlasio, Director, Development
e-mail: kdiblasio@bbbssepa.org
Phone: 215-790-9200
Fax: 215-790-1465
To Donate Stock Certificates You Hold
- Send the unsigned certificates by certified mail to the attention of Kerry DiBlasio, Director, Individual Giving, Big Brothers Big Sisters Southeastern PA, 123 South Broad Street, Suite 2180, Philadelphia, PA 19109.
- Copy and send one blank stock Power of Attorney for each company whose stock you are transferring. Only the signature line should be filled in, with the signature(s) matching the name(s) that appear on the face of the certificates. Include both names if the stock is jointly owned.
- The Power of Attorney must be notarized.
- Send the certificates and stock powers in separate envelopes. Send the signed stock power in one and the stock certificate(s) in the other with a letter (also signed by the owner(s) of the stock) stating that the stock is being donated to Big Brothers Big Sisters Southeastern PA.
Effective Date and Value of Your Gift
Your gift of stock or publicly traded securities will be valued based on the mean market price of the securities on the gift date. We will provide you with a receipt for your tax records. Big Brothers Big Sisters Southeastern PA determines your gift date according to the guidelines below.
- By mail, it is the later of the postmark dates of your separately mailed stock certificates and stock powers.
- By electronic transfer, it is the date that the securities enter Big Brothers Big Sisters Southeastern PA’s account.
- By hand, it is the date that a Big Brothers Big Sisters Southeastern PA employee receives the stock certificates and stock powers of attorney.
- By reregistering securities in Big Brothers Big Sisters Southeastern PA's name yourself, it is the date on the new certificates. (This method takes the longest.)
If you have questions or need more information, please don't hesitate to contact Kerry DiBlasio at 215.790.9200.
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