When you make a gift of appreciated securities you help the French Library and could receive a double tax benefit – a charitable deduction and avoidance of capital gains tax.*
To Make a Gift of Securities
Simply contact your financial institution and request the shares be transferred to the French Library’s account. You will need the following information:
Broker Name: Morgan Stanley
Account Name: French Library
DTC#: 0015
Account #: 593-042401
Tax ID: 04 604 5400
Before initiating a gift, please contact Michael Richard, Chief Financial Officer, at 617-912-0400 or mrichard@frenchlibrary.org so that we know to expect the securities you are donating and can promptly acknowledge your contribution.
*The French Library does not give tax advice. Please consult your tax advisor.
- You may be able to take a tax deduction for the full, fair-market value for stock or other securities that have increased in value (if you have owned them for at least 12 months).
- You pay no capital gains tax on any appreciated asset you contribute.
- You have the satisfaction of supporting the French Library in a way that benefits you as well – and you may even be able to increase the amount of your gift because of its decreased cost to you.
To Make a Gift of Securities
Simply contact your financial institution and request the shares be transferred to the French Library’s account. You will need the following information:
Broker Name: Morgan Stanley
Account Name: French Library
DTC#: 0015
Account #: 593-042401
Tax ID: 04 604 5400
Before initiating a gift, please contact Michael Richard, Chief Financial Officer, at 617-912-0400 or mrichard@frenchlibrary.org so that we know to expect the securities you are donating and can promptly acknowledge your contribution.
*The French Library does not give tax advice. Please consult your tax advisor.