If you give appreciated securities to Breck, there are two benefits. First, you avoid paying capital gains taxes on the amount of the appreciation. Second, you can still deduct the full amount of the current value of the stock as a charitable income tax donation. If you cannot use all of the deduction in the year you make the gift; you may carry over the deduction for an additional five years.
To make a gift of stock, please have your broker contact:
RBC Wealth Management
60 South 6th Street
Minneapolis, MN 55402
Austin Balm at 612-371-2716
Breck School Account: 30140489
Breck School Tax ID Number: 41-0693894
In addition, please inform Breck of the name of the stock, the number of shares and whether the gift is for the Annual Fund or for another purpose. You or your broker may contact Natalie Washnieski by email or at 763-381-8207.