Stocks and Securities | Citymeals on Wheels

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node--type-page node--view-mode-full"> <div class="node__content"> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><p>Many Citymeals donors make gifts using appreciated stocks and mutual funds because of the tax advantages. The benefits of making a contribution of securities may include:</p> <ul> <li>Making a larger gift at a lower original cost to you.</li> <li>Avoiding federal and state tax on the capital gain.</li> <li>Receiving an income tax deduction (federal and most states) for the full market value of your gift if you itemize deductions on your tax return and have held the assets one year or longer.</li> </ul> <p>We encourage you to consult your financial planner or tax advisor who can assist you in evaluating the tax advantages available to you when making a donation of appreciated securities.</p> <p>Please remember:</p> <ul> <li>You must itemize your tax return in order to deduct any charitable donation.</li> <li>You must have owned the securities for at least one year before donating them, or you will be limited to a deduction of your original purchase cost of the securities.</li> <li>You may take a deduction valued up to 30% of your Adjusted Gross Income. If the deduction is greater than 30%, you may carry an unused deduction forward for up to five years into the future until it has been fully used.</li> </ul> <h4>Instructions for Donating Stock and Securities</h4> <p>If the stock is held by a brokerage firm, your broker should be instructed to make any transfer with the following information:</p> <p>Morgan Stanley<br> DTC #0015<br> Account of Citymeals on Wheels<br> Account #654-132668<br> Attention: Michael Scotto<br> Phone: 212-893-6395<br> Email: <a href="mailto:michael1.scotto@ms.com">michael1.scotto@ms.com</a></p> <p>We ask that you copy us on transfer instructions or a "gift letter," to the attention of Lis Goris, Chief Financial Officer, so that we may confirm your instructions have been completed. The "gift letter" can also be emailed to <a href="mailto:lgoris@citymeals.org">lgoris@citymeals.org.</a></p> <h4>Planned Gifts of Stock and Securities</h4> <p>Through thoughtful planned giving you can bequeath gifts of stocks and securities to Citymeals and create a legacy of caring for our elderly neighbors.   </p> <p>Take a moment to learn more about<a href="https://www.citymeals.org/plannedgiving"> planned giving.</a> Or feel free to call Lis Goris at 646-866-6296.</p></div> <div class="field field--name-field-sub-content-link field--type-link field--label-hidden field__item"><a href="https://www.citymeals.org/support-us">Other Ways to Give</a></div> </div> </article> </div> </div> </div> </main> <footer role="contentinfo"> <div class="region region-footer"> <div class="social-links"> <a href="https://www.instagram.com/citymeals/" class="footer-social footer-instagram" target="_blank"> <svg height="47" viewBox="0 0 47 47" width="47" xmlns="http://www.w3.org/2000/svg"><g fill="none" fill-rule="evenodd"><circle cx="23" cy="24" fill="#171c8f" r="18"/><path d="m23.3865381.0000686c12.8948847.03111643 23.290333 10.5259127 23.2752702 23.3629429-.0150525 12.778083-10.354277 23.3195369-23.3513554 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