If you itemize your tax returns, gifts of securities entitle you to a federal income tax charitable deduction. In the case of appreciated securities, you may deduct the full fair market value of your gift once you have held onto the securities for at least one year. You are permitted to carry any unused deduction forward for up to five additional years. In addition, you will avoid paying capital gains tax on the stock you donated to the New Israel Fund.
According to IRS regulations, the date of your gift corresponds to the date it arrives in our possession (for transfers from brokerage account to brokerage account).
Following are the steps necessary to transfer stock to our account for general support, restricted giving and donor advised funds:
Please instruct your broker to wire transfer your gift of securities to NIF’s account. Your broker will need the following information regarding NIF’s broker:
Citigroup Global Markets, Inc.
111 Wall Street, 3rd floor
New York, NY 10043
Attn: Diane Sher
DTC Clearing# 0443
Beneficiary name: New Israel Fund
Account number: C14049552
New Israel Fund Federal Tax ID Number: 94-2607722
Clearing broker: Pershing LLC
Because electronic transfers are made without identifying the donor, please contact the list of individuals below together, by email, or Berkeley Anderson by phone and tell them/her the number of shares and the name of the securities that you are transferring to NIF and the purpose of the transfer, e.g., whether it is for a donor advised fund, general support, DA gift.
415-801-0994 (direct line) or
The fair market value of your gift of securities is determined by calculating the average between the high and low stock quotation on the date that the gift is made, multiplied by the number of shares transferred.
New Israel Fund Federal Tax Identification Number:
Please contact Berkeley Anderson at 415-801-0994 / [email protected]