The Shul of Bellaire and Charles Schwab & Co., Inc....
Do you own any securities that are not performing well? Is there a stock that you wish you could just dump without taking such a bad loss?
or perhaps you don't have underperforming stock, but...
Would you like to make a charitable donation that will provide you with 2 major tax advantages: (1) a tax deduction from the charity, and (2) avoid capital-gains tax?
Here it is, a simple solution that will turn your loss into a double gain... for The Shul, and for you!
Instead of selling your securities, just TRANSFER them (a non-taxable event) to the Shul's securities account at Charles Schwab & Co., Inc.:
- DTC Clearing Number: 0164
- DTC Code: 40
- Account Number: 5660-9476
- Account Name: The Shul of Bellaire
Email transfer instructions to your stock broker right now.
And then notify us at [email protected] so that we can give you a tax-deductible receipt for its full value, as sold.
DISCLAIMER: NO tax related advice is being implied here, please check with your lawyer and accountant to see how this may relate to you.