A gift of securities (stocks, bonds, or mutual fund shares) that you have held for more than one year can be the most economical way to make a gift. By donating appreciated stocks directly to FA, you can avoid the capital gains tax that would be incurred if you sold the securities.
When you're ready to initiate an electronic transfer for donations of stock, please follow the below steps:
1. Call the Development Office at 508-457-9696 or email development@falmouthacademy.org for our wiring instructions.
2. Ask your broker to wire the securities to Falmouth Academy's account (details below).
Brokerage: Martha’s Vineyard Investment Advisors
Account Name: Falmouth Academy
Account Number: 2868-2009
Tax ID: 04-2620156
DTC #: 0075
3. Your broker should then confirm the transaction details in writing to you, specifying:
- the name & number of shares transferred
- the date of transfer
- the mean market value per share on the date of transfer
4. Please notify or have your broker contact David Gallagher, Development Associate, at 508-457-9696 x 242 to confirm all transaction details.