Stocks, Bonds & Crypto Gifts
As a 501(c)(3) charitable organization, The TEP Foundation, Inc. can accept donated stocks & bonds. In our current economic climate this a great way to gift your securities in support of our cause! You can reduce or even eliminate federal capital gains taxes on the transfer. You may also be entitled to a federal income tax charitable deduction based on the fair market value of the securities.
Contribute your Stocks & Bonds toward our cause...
STOCKS
A gift of stock is valued by using the average between the low and high prices on the date which your gift is received. The “gift date” for securities transferred is the day which the transfer hits the Foundation’s brokerage account from your brokerage account. If securities are mailed in certificate form, the gift date is the date it is received. We advise speaking with a licensed securities broker and/or tax professional before proceeding.
BONDS
A gift of bond is valued by using the average between the low and high prices on the date which your gift is received. The “gift date” for securities transferred is the day which the transfer hits the Foundation’s brokerage account from your brokerage account. If securities are mailed in certificate form, the gift date is the date it is received. We advise speaking with a licensed securities broker and/or tax professional before proceeding.
CRYPTOCURRENCY
A gift of cryptocurrency unlike a stock or a bond must be sent differently. All cryptocurrencies must be sent to The TEP Foundation, Inc.'s via our Crypto Wallet or Gateway. Due the vast amount of different currencies in existence please inquire which will be accepted. If you would like to send a gift as cryptocurrency please send us an email!
