Project Bread welcomes gifts of stock and securities. For tax purposes, the date of transfer is the gift date. Project Bread's tax ID number is 04-2931195.
By transferring stock to Project Bread, you may avoid capital gains taxes and receive an income tax deduction for the current market value of the stock. (For income tax purposes, all contributions may be deducted up to 50 percent of your adjusted gross income.)
If you hold investments that have lost value, you may wish to cash in that stock. You may then be able to claim a deduction for the loss—and use the proceeds to make a tax-deductible contribution to Project Bread.
If you wish to make contributions in this way, please contact our brokerage firm:
Roger Cogan, CFP®
First Vice President - Investments
Wells Fargo Advisors, LLC
138 Conant Street
Beverly, MA 01915
Phone: 1-800-272-7300, ext. 1602
Wells Fargo's DTC # is 0141.
Please let us know if you transfer stock so we can maintain accurate financial records and properly acknowledge your gift. For more information, please call Tracy Poliseno, director of annual giving, at 617-239-2516 or email@example.com.