Transfer Stock to CPL
One of the easiest ways to contribute to CPL is with a gift of stock. It is simple and generally offers a number of valuable financial benefits, including: the total value of the stock upon transfer is tax-deductible and there is typically no obligation to pay capital gains taxes. CPL recommends you consult with your tax advisor regarding your specific tax situation.
Procedures for Stock Gifts
Before facilitating the transfer, it is helpful to notify us of the name of stock, number of shares, if you prefer to designate the gift to a specific purpose (such as Capital Campaign), and the time frame you expect to complete the transfer.
Your broker may need our brokerage information in order to facilitate the transfer:
O’Brien Greene & Co. (Custodian is Fidelity)
Account number 479–765309
It is important that you authorize the broker to disclose to CPL your name and the details pertaining to the stock transfer. This will allow us to identify the gift when it arrives.
For more assistance with stock transfers, please contact Kirstin Downie at firstname.lastname@example.org or 610–869-4902 ext. 214.