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| Transferring Stock: |
Giving appreciated stock is very much a "win-win" situation due to the favorable tax treatment on such gifts. |
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Transferring stock allows Messmer to receive a larger gift than if the stock was sold by the owner and the proceeds donated to Messmer. In return, the owner receives a greater tax deduction by giving the stock directly to Messmer. Many people who own stock today have it held for them by their brokerage firm. To sell the securities held by your brokerage firm, an electronic transfer can be done to fulfill your wishes in selling or disposing of the securities.
Another means of maintaining holdings of stock is to take delivery of the stock (receive the stock certificate) when purchasing. To sell or transfer stock when a physical certificate is held by the owner, a manual transfer must occur. The owner needs to take or mail the stock certificates to the new owner, a bank or brokerage company (for them to transfer), or to the company's transfer agent.
Click here for an example of an irrevocable stock or bond power form.
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