Gifts of Securities

Make a Gift of Securities

Donating appreciated securities to the Foundation for Eastern Christian School Association is simple:

Securities Held Electronically

If your securities are held "in street name" with your broker, send your broker a letter of authorization to transfer (not sell) shares of specific stock(s) to the Foundation for Eastern Christian School Association, Inc.’s brokerage account.

Your instructions should specify your account number; the date by which you wish to complete the gift, the name and number of shares you would like to donate and the purpose of your gift (e.g. unrestricted gift to the Annual Fund, gift to another Fund or for a specific purpose, etc.); and provide the following transfer information:

Wells Fargo Bank
DTC# 2027
Institutional ID #94866/Agent ID #94866
For further credit to:
Foundation for Eastern Christian School Association
Trust Acct. #2525889484
Contact: Foundation Office – 973-427-9294

If you are transferring stock from a joint account, both account owners must sign the letter. You can contribute stock from several companies held within the same account. You can also make a single transfer for multiple purposes.

Please send a copy of your instruction letter to Foundation Office, Eastern Christian School Association, 50 Oakwood Ave, North Haledon, NJ 07508-2449 or fax 973-427-9775 or via email to This e-mail address is being protected from spambots. You need JavaScript enabled to view it .

Please, check with your broker soon after sending the letter to ensure that the transfer is complete, especially if you initiate this gift shortly before December 31.

Securities in Certificate Form

If you have stock or bond certificates, please contact the Foundation Office to arrange for delivery.

Foundation for Eastern Christian School Association
Direct phone: 973-427-9294
Direct Fax: 973-427-9775
Email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Mutual Funds

Very few mutual funds network with brokerage firms. In most cases we have to open an account with mutual fund companies to handle each individual mutual fund gift. Since the enactment of the USA Patriot Act of 2001, the opening of a mutual fund account has become complicated and time consuming. Please contact the Foundation Office at least a month in advance.

Year-end Considerations

Because of their complexity, securities gifts are best made by December 15.

Please note: According to IRS tax code (Regulation 1.170A-1(b)), gifts of securities received via DTC will be acknowledged using the mean value of the stock on the date it is transferred into the Foundation's account. Gifts of stock certificates received by the Foundation Office at 50 Oakwood Ave, North Haledon, will be acknowledged using the mean value of the stock on the date it is received by the Foundation Office.

Tax Advantages

If you own publicly traded stocks or bonds that have appreciated in value and are long-term in nature (owned for more than 12 months), you may want to consider the income tax benefits of giving securities over cash:

Here's how it works:

*$2,000 gain @ 20% capital gains tax. (The 20% rate is used for example only, your actual capital gains tax rate will vary based on the type of securities and the amount of your other taxable income.) When you donate appreciated securities, you owe no capital gains tax on the appreciation.

What about stocks that have dropped in value?

If you own stock which has dropped in value, below your cost, consider selling this asset instead, and donating the proceeds. By selling the asset and then making a gift, you will be able to claim a capital loss deduction on your income tax return, and also claim an income tax deduction for your charitable gift.

Thank you for your support of Eastern Christian School Association.