Gifts of appreciated securities

Support HUMAA with gifts of appreciated stocks, bonds, or mutual fund shares

 

Gifts of appreciated stocks, bonds, or mutual fund shares can be a tax-advantaged way to provide immediate support for the HUMAA. Gifts of any size benefit the Association..

 

As with any gift to HUMAA, you may direct your gift to the area of your choice.

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Benefits

By giving to HUMAA appreciated securities that you’ve held for more than a year, you receive a double tax benefit:

• You avoid capital gains tax on the appreciation that would be due upon sale.

• You can receive a charitable income tax deduction for the current fair market value of the property - up to 30 percent of adjusted gross income.

• You can carry forward any unclaimed portion of the deduction for up to five additional years, subject to the annual limit.

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Transferring securities held at a brokerage firm

To transfer shares held with a brokerage firm, provide the following information to your broker, and to ensure proper credit, PLEASE INFORM us via director@humaa.org or call (202) 803-2989 that you are planning to make a transfer:

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Account Name:  Howard University Medical Alumni Association 

DTC Number: 0725

If you would like to donate to the Area of Greatest Need the Account Number is:  371NK361
If you would like to donate to the General Scholarship the Account Number:  272RW605

Taxpayer ID Number: 52-0808438

Broker Name:  Raymond James 

Reference:(Name of donor/purpose)

 

Contact for any transfer questions:

Reilly S. Loflin, CFA®, CIMA®

Financial Advisor
Raymond James Investments

3 Bethesda Metro Center Suite 700

Bethesda, MD 20814

D 833.991.1424 // C 757.635.8009 // F 833.936.0964

E Reilly.Loflin@raymondjames.com

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Gifts at year-end

If you wish to make a gift of securities for the current tax year, start early to ensure that your gift will be completed by December 31. While HUMAA receives some electronic transfers within days of when the gift was initiated, longer delays are possible, especially at year-end. Gifts of mutual funds take longer than stock gifts, often several weeks. Contact your broker for their deadline to complete transfers by year-end.

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Notifying HUMAA

HUMAA often receives gifts of securities without any donor-identifying information. If you plan to transfer securities, please contact the foundation and provide the following information:
 

• Type/number of shares you are transferring

• Approximate date of transfer

• Gift designation instructions

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Thank you. 

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