Support MFS - Gifts of Stock

Giving appreciated securities is a convenient way to support Moorestown Friends School, while gaining tax advantages. You receive an income tax deduction for the full market value of the stock on the date of the gift, provided you have owned the securities for more than 12 months. Most donors avoid the capital gains tax otherwise due on the sale of securities.  You are urged to consult your tax professional before making gifts of appreciated stock.

Gift Value
The value of your gift of appreciated securities is the mean of the high and low price of the stock on the date one of the following occurs:

• securities and a signed stock power are hand delivered or mailed (date of postmark) to Moorestown Friends School.

OR

• electronically transferred securities arrive in an account in the name of Moorestown Friends School.

How to Give Securities

When the security is held by your broker or commercial banker (electronic transfer).
Notify your broker by letter that you want to give securities to Moorestown Friends School and send a copy of the letter to the development office, or you can call the development office to notify us that a stock gift is in the works. Three accounts have been established through which stock transfers can be made to Moorestown Friends School:

PNC Investments – New Information
Stock transfers can be made via PNC Investments, 312 Route 38, Moorestown, NJ 08057, phone 856-638-4954, fax 856-638-3970. The agent is Mark Caprarola. The new MFS account number is 005-267627 with a DTC# 0226.

Smith Barney

Stock transfers can be directed through a new account at Smith Barney, 330 Fellowship Road, Suite 400, Mt. Laurel, NJ 08054. The agent is Jeffrey P. Heppard. His direct dial number is 856-222-4542, cell 856-906-4400, fax 856-273-6407. Effective February 2, 2009, the new account number for MFS is 651-78965-17. Smith Barney's DTC number is 0418. Any contributions of stock gifts should be addressed to Smith Barney, for the benefit of Moorestown Friends School, attention: Jeffrey P. Heppard.

Vanguard

The school also has an account with Vanguard Brokerage Services.  If you'd like to make a stock transfer to that account, please contact Director of Development Steve Zakroff for the appropriate information.

You or your broker may contact Steve Zakroff, Director of Development, at 856-235-2900 ext. 211 or 856-914-4411 (direct dial) for assistance at any time.

         When the security is in your name and in your possession (certificates):

• Obtain a stock power from your broker, banker or the MFS development office.
• Sign the stock power. Sign exactly as your name appears on the certificate. If the security is jointly owned, both owners must sign the stock power. The stock power also requires that the signatures be guaranteed.
• Mail the signed stock power in a separate envelope to the MFS development office.
• Mail unendorsed certificates by first class or registered mail. Please be sure to enclose a letter indicating that you are making a gift of securities and state if the gift is to go to the Annual Sustaining Fund or for a specific project.
• If the certificates are already endorsed, send them by insured mail or deliver them to the development office.

• Philadelphia Web Design