Many donors prefer gifts of appreciated stocks, bonds, and mutual funds when considering a donation of $1,000 or more.

How to Give Securities

Transfers from a Bank or Broker

If your bank or broker holds your securities, we recommend an electronic transfer in two steps via the Depository Trust Company (DTC) system.

1. Give your bank or broker the following instructions:
2. E-mail transfer details to xx@xxxx.com alerting the CBS Foundation to expect your gift. Failure to do so may cause a delay in recognizing you as the donor. Please include the following information in your e-mail:
   • Name and address
   • Name and ticker symbol of the security
   • Number of shares

Transmit a Physical Certificate

For gifts of physical certificates:
Please mail certificates with their paperwork directly to

All certificates and paperwork must have CBS Foundation’s account number (XXXXXX) written in the right hand corner to ensure the security is credited correctly. Certificates and paperwork should be mailed separately.

Send physical certificates to:

Send required paperwork (i.e., stock bond powers and letter of authorization) to:

Required paperwork for submitting certificates:
All stock bond powers must have original signatures and be medallion stamped guaranteed. No copies are accepted. You can obtain a medallion stamp at any bank or financial institution. It is highly recommended that the back of the certificate not be signed. Please use a stock bond power instead. A signed certificate becomes a negotiable instrument. 

For certificates in the organization’s name, please provide the following:

• Stock bond power signed by an authorized signer of the organization and medallion stamped guarantee
• Copy of the corporate resolution/trading authority dated within six months

For certificates still in the donor’s name, please provide the following:

• Stock bond power signed by the donor and medallion stamped guarantee
• Letter of authorization signed by the donor stating the stock to be gifted

For certificates in the name of an estate or a deceased individual, please provide the following:

• Stock bond power signed by the executor and medallion stamped guarantee
• Short certificate naming the court-appointed executor (dated within three months)
• Death certificate
• Letter of authorization signed by the executor stating the stock is to be gifted

Please email the CBS Foundation when a stock certificate has been sent so we can monitor the account and watch for its posting. If possible, email a copy of the certificate and paperwork to our Office of Gift Planning at xxx@xxx.org

Splitting Certificates

The CBS Foundation can arrange for a stock certificate or bond to be split in the event that you wish to give fewer shares or bonds than the certificate represents.

In a separate envelope, mail or deliver a stock or bond power for each security with a copy of the instructions sent with the certificate. Your signature on the stock or bond power must bear a medallion signature guarantee, which can be obtained from your bank or broker. You can obtain blank powers from the CBS Foundation, your bank, or your broker. On the stock power, only fill in the description of the security and sign your name exactly as it appears on the face of the certificate. Do not fill in the CBS Foundation’s name as transferee or attorney to transfer on either the certificate(s) or stock power(s).

CBS Foundation will arrange for a new bond or certificate for the remaining shares to be issued and returned to you. Of course, if your securities are held by a broker, the broker can arrange for the certificate or bond to be split.

For more information, contact the The CBS Foundation at

Determining Effective Date and Valuation

When the Certificate Is Transferred Electronically
Effective date and valuation are calculated using the average of the high and low prices on the date of gift, which is the day the security is received into our brokerage account.

When the Certificate Is Sent by US Mail
Effective date and valuation are calculated using the average of the high and low prices on the date of gift, indicated by the postmark. If the certificate and the stock power are sent on different dates, the later date will be used.

When the Certificate Is Hand Delivered
Effective date and valuation are calculated using the average of the high and low prices on the date of gift, which is the date the CBS Foundation takes physical possession of the certificate or the stock power, whichever is later. Please note that the IRS does not accept your receipt from private carriers, such as Federal Express, as evidence of mailing. If you need to substantiate a year-end gift, we suggest you use the US Postal Service.

Tax Advantages

You may claim a federal income-tax charitable deduction when filing an itemized return, and many state income-tax laws allow this type of deduction as well. When the donated items have been held for more than one year, you may claim a deduction for their full fair-market value, and after appreciated securities are donated, you can avoid paying tax on the capital gain.

Always discuss donations with your tax consultant to maximize your benefits.

Deductibility Limits

You may be able to claim a gift of long-term appreciated securities as an income-tax charitable deduction in the year of your donation up to 30 percent of your gross income. Any excess donation not claimed may be carried forward for an additional five years. If your donated securities have been held for less than twelve months, only your cost basis is deductible.

Gifts of Closely Held Stock

You may give closely held stock and other non-readily-marketable securities. These gifts are complex and require special handling. Contact the CBS Foundation discuss options for structuring your gift.

Depreciated Securities

If your securities declined in value, it is generally advisable not to donate them but rather to sell them to establish a tax loss and then donate the proceeds to CBS Foundation.

Gifts of Mutual Funds

Mutual fund gifts require special handling and are generally not transferred the same way as stock gifts. Please e-mail XXXX@XXX.org for instructions on how to transfer mutual funds.