Donating stock is an easy and effective way to support Transportation Alternatives’ work for safe streets and a better New York City. Donating stock benefits Transportation Alternatives the same way a cash gift does – and as the donor, you benefit in several other ways:
- You get an immediate income tax deduction for the full market value of your gift
- You pay no capital gains taxes on the shares you donate
- You can avoid triggering the federal alternative minimum tax
Giving a gift of stock is simple. If you manage your investments online, you (or your broker) can transfer shares directly to TransAlt’s Charles Schwab account, using the below account information. Please notify Transportation Alternatives of any incoming gifts of stock.
DTC Clearing Number: 0164
Account number: 2783-0207
Account Title: Transportation Alternatives
T.A. Tax ID: 51-0186015
If you hold the physical shares, you can mail or deliver the certificates to our office (there’s no need to make any special endorsement or assignment):
111 John Street, Suite 260
New York, NY 10038
We want to put your donation to work effectively and quickly -- that’s why TransAlt’s policy is to sell donated shares as soon as we receive them. It’s important that you contact us before initiating a transfer.
Notifications or questions:
Please contact Vicky Bisogno, Development Director, at email@example.com.