Gifts of Stock
Contributions of appreciated securities, or stock, can help children and youth in foster care and the juvenile justice system and provide a significant tax deduction to you. Please note that it is very important for you to notify YLC when you are making a gift of securities. Please complete this form so that we will know to expect your gift and can follow up with you directly.
Making a gift to YLC via stock, or other securities (such as bonds or mutual funds), allows you to have an immediate impact on children and youth in foster care and the juvenile justice system.
While supporting YLC’s important work, your gift can reduce your capital gains tax liability, which can be a significant savings for highly appreciated assets. The total value of your gift is tax-deductible as long as it has been held for at least one year. There is no obligation to pay any capital gains tax on the appreciated value. And, the gift is fully deductible as of the date it arrives in our account.
Frequently Asked Questions:
Q: Can I transfer my stock electronically?
A: Yes, if your stock is held in a brokerage account, you can transfer your gift electronically.
Please provide your broker with the following information:
Broker Firm: Morgan Stanley Smith Barney, LLC
DTC #: 0015
Account Name: Youth Law Center
Account #: 164-156325-249
Q: Do I need to notify YLC about my stock transfer?
A: Yes, when your stock is transferred to our account, we do not receive any information that identifies you as the donor. Please notify us by completing this form.
Q: What is YLC’s tax identification number?
A: Our tax id number is 94-1715280
Q: Can I make a donation using a paper stock certificate?
A: Yes, we can accept your paper stock certificate.