Stocks & Securities Donations

Donating stock or securities offers a number of benefits:

  • A federal income charitable contribution tax deduction based on the stock’s fair market value on the date of the gift (up to 30% of your adjusted gross income) if the stock was owned for more than one year;
  • Carryover of the deduction for up to five additional years if the fair market value of the gift is more than 30% of your adjusted gross income; and
  • Avoidance of capital gains tax that is due when you sell appreciated stock.

Also, if stock has decreased in value, selling it and making a cash gift to the SPLC is probably more beneficial. You can take a capital loss on federal taxes and still enjoy a charitable deduction up to 50% of your adjusted gross income.

Peter’s Place warmly welcome donations of stock to Peter’s Place. To ensure that we receive your gift in a timely manner, please use the following account information for your stock transfer. We also suggest that you reach out to our Development Manager, Trish Corvo, at trish@petersplaceonline.org or 610-687-5150 ext. 4  to notify her that you have made a donation.

Stifel
Contact Person: Andy Goldwater
Account Number: 3688-1849
Account Name: Peter’s Place
DTC: 0793
Tax ID: #23-3062819

 

Legacy Donations 

We invite members of our community to make a legacy donation that will help ensure the future of our organization. Legacy gifts can be made through various means that both support Peter’s Place and simultaneously benefit each donor, the donor’s estate, and heirs. Many legacy gifts can be made without impacting your current lifestyle and often do not need legal counsel to implement. However, more complex legacy donations may require you to connect with an estate attorney and/or a financial planner. We advise donors to seek the advice of an estate attorney/financial planner to ensure the maximum benefit.

Samples of legacy gifts include:

  • Name Peter’s Place as a beneficiary of the estate. For example, denote a dollar amount or a percentage of assets in your will.
  • Name Peter’s Place’s a beneficiary of all or part of a 401(k), IRA, 403(b), and/or life insurance policy.
  • Donate personal property, real estate, or appreciated securities.
  • Invest in a Charitable Gift Annuity (CGA), Charitable Remainder Trust (CRT), or other income-generating options.

 

For additional information regarding making a donation to Peter’s Place, please contact Trish Corvo, Development Manager, at marissa@petersplaceonline.org or 610-687-5150 ext. 4. 

Peter’s Place is a nonprofit 501(c)(3) organization – contributions to which are tax deductible to the fullest extent permitted by law. The official registration and financial information of Peter’s Place may be obtained from the Pennsylvania Department of State by calling toll free, within Pennsylvania, 800-732-0999. Registration does not imply endorsement.

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