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Give a Gift of Stock

A gift of appreciated securities is one of the wisest gifts you can make in terms of tax savings. And with tax rate cuts expected in 2017, it could be especially beneficial to do so before Dec. 31, 2016.

The best method of transferring these assets is to contact your broker and electronically transfer the stock from your account to the Independent Institute’s account at Wells Fargo Advisors. Avoid selling the assets and then making a gift of the proceeds, because this will trigger a capital gains liability for you.

In order for the Independent Institute to acknowledge your gift and provide you with an IRS receipt, please take the following steps:

  1. Contact our Development Associate Katherine Modesitt by email or by phone at (510) 568-2216 and let us know that you would like to make a gift of stock.

  2. Provide your name, your phone number, the name of the stock you are giving and the number of shares (e.g. 20 shares of Apple)

  3. Call your broker with the information below and ask your broker to contact Wells Fargo Advisors:

    Contact: Ronald Wherritt
    Email address:
    Phone: 316-260-8956
    Fax: 316-260-1417

    Transfer instructions for stock should reference:
    Wells Fargo Advisors
    c/o First Clearing
    for the benefit of: Independent Institute
    Account: 6109-9372
    DTC Number: 0141

Gifts from Your IRA

If you are at least age 70½, you can take advantage of tax savings by making a qualified charitable distribution (QCD) from your IRA.

A QCD (also known as an IRA Charitable Rollover) is an otherwise taxable distribution from an IRA (other than an ongoing SEP or SIMPLE IRA) owned by an individual who is age 70½ or over that is paid directly from the IRA to the Independent Institute or other qualified charity.
Benefits include:

  • You may exclude from gross income up to $100,000 of a QCD made for a year.
  • The QCD can be used to satisfy any IRA required minimum distributions (RMDs) for the year.
  • The amount of a QCD excluded from gross income is not taken into account in determining any deduction for charitable contributions.

The Institute has a Memorandum of Instruction (PDF) that you may provide your IRA custodian in order to make the distribution to us. Please also let us know that you are making an IRA distribution to the Independent Institute, by calling (510) 632-1366, ext. 152, or by email.

As with all decisions involving tax consequences, please consult with your own tax professional.

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Katherine Modesitt
Development Manager
Independent Institute
100 Swan Way
Oakland CA, 94621
(510) 568-2216 (direct)

(510) 632-1366
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