Gift & Estate Planning - Gifts of Stock
While many donors prefer to make gifts of cash, a growing number are taking advantage of contributing gifts of appreciated securities to support the mission of Denver Zoo.
- Receive an income tax charitable deduction based on the market value of the security at the time of the gift. (Stock must be held for more than 12 months).
- Avoid capital gains tax on the appreciated value of the securities.
- Direct your gift to a variety of different purposes at the zoo.
- Fund a life income gift agreement and potentially receive a greater income.
Before transferring stock, please notify us that the stock is coming as well as the type and number of shares that will be transferred. We need this information to properly credit you and issue an acknowledgment for tax purposes.
If your gift will be transferred electronically by DTC, please have your broker deliver the stock to the following account:
If you or your broker have questions or problems with the transfer please contact Ryan Cashman at Wells Fargo Advisors.
Contact: Ryan Cashman
Wells Fargo Advisors, LLC
3200 Cherry Creek South Drive, Suite 100
Denver, CO 80209
If the stock is in certificate form, mail the unendorsed certificate and a completed stock power form (available from your financial services provider) in separate envelopes to the address below. For security purposes, send the certificate by certified mail or overnight carrier.
Josie Stewart, Gift Planning Manager
2300 Steele Street
Denver, CO 80205
Please note: Do not instruct your bank or broker to sell the securities from your account and forward the proceeds to Denver Zoo. This would represent a cash transaction and you would be liable for any applicable capital gains tax. However, if you hold depreciated securities, it is to your advantage to sell them from your account to establish a tax loss and then to make your gift in cash to the zoo.