Giving appreciated securities, such as stock, to Shelburne Farms has a double benefit. The full market value of the security is tax-deductible as a charitable contribution and you avoid any capital gains tax.
Instructions for giving stock
To make a gift of securities to Shelburne Farms, you may either instruct your broker to hold the securities in an account for Shelburne Farms or authorize your representative to transfer the certificates to Shelburne Farms account at Merrill Lynch (DTC # 5198 / Account # 86604064). The Farm’s broker at Merrill Lynch is:
Sara J. Hughes, Client Associate
The Haas Group @ Merrill Lynch
60 Lake Street, Suite 1G, Burlington VT 05401
Toll Free: 800-286-6022
It is important that you not sell the securities in your name; as you would then be liable for capital gains taxes.
Please inform us immediately when you make a stock transfer so we may acknowledge your gift, the value of which is determined by mean stock value on the day the securities are transferred from your ownership, and so we may make sure that your gift is directed according to your wishes.
Questions? Contact Erin Boyd at [email protected].