Friends General Conference

Together we nurture the spiritual vitality of Friends

Gifts of Stock and Mutual Fund Shares

How does a gift of stock benefit the donor?

If the value of your stock is greater than what you paid for it, and if you have owned those shares for more than a year, then a gift of securities offers added value for your contribution to FGC. You receive a charitable income tax deduction equal to the fair market value of the shares on the date it is gifted to FGC. For common stock this is typically the mean value on the date that FGC takes control of the shares you give. And you avoid paying taxes on the capital gains.

Gifts of stocks are deductible as allowed by law.

To Transfer Stocks Electronically to FGC

In most cases your broker will want to transfer a gift of stock to FGC’s account electronically.  Please provide the following information to your broker for making a transfer:

DTC clearing: #0164

DTC code: 40 (free delivery)

Account number: Please call or email FGC’s development office for the number to our Charles Schwab account.

Account name: Friends General Conference

Please call the FGC Development Office at 215-561-1700 x3048 or email Faith Josephs at [email protected] for our account number and with transfer information.

It is very important to let us know when and which stocks you will be transferring so that we can be on the lookout for them in our account.  We will then be able to send you a prompt and accurate acknowledgement for your gift.

To Contribute Mutual Fund Shares

FGC will be pleased to receive your gift of mutual fund shares.  Please contact your mutual fund company to obtain the proper forms, and then contact us to work with you to make the arrangements.  As with gifts of stocks, your tax-deductible contribution will be calculated as the full value of each mutual fund share on the day it is contributed to FGC.

Should you need assistance with this process, contact Faith Josephs, FGC’s Associate Secretary for Development. 

Contact Faith at

215-561-1700 x3004

or [email protected]