Ways to Give

  • Why Make a Gift of Stock?

    06 April 2011

    If you itemize your tax returns, gifts of securities entitle you to a federal income tax charitable deduction. In the case of appreciated securities, you may deduct the full fair market value of your gift once you have held onto the securities for at least one year. You are permitted to carry any unused deduction forward for up to five additional years. In addition, you will avoid paying capital gains tax on the stock you donated to the New Israel Fund.

    According to IRS regulations, the date of your gift corresponds to the date it arrives in our possession (for transfers from brokerage account to brokerage account).

    Following are the steps necessary to transfer stock to our account:

    Step One:
    Please instruct your broker to wire transfer your gift of securities to NIF’s account. Your broker will need the following information regarding NIF’s broker:

    Citigroup Global Markets, Inc.
    111 Wall Street, 3rd floor
    New York, NY 10043
    Attn: Diane Sher
    Telephone: 202-298-2855

    DTC Clearing# 0443
    Beneficiary name: New Israel Fund
    Account number: C14049552
    New Israel Fund Federal Tax ID Number: 94-2607722

    Step Two:
    Because electronic transfers are made without identifying the donor, please contact Sam Greenberg by phone or email and tell him the number of shares and the name of the securities that you are transferring to NIF.

    Sam Greenberg
    New Israel Fund
    330 Seventh Avenue, 11th Floor
    New York, NY 10001
    212-613-4426 (direct line) or

    Tax Considerations
    The fair market value of your gift of securities is determined by calculating the average between the high and low stock quotation on the date that the gift is made, multiplied by the number of shares transferred.

    New Israel Fund Federal Tax Identification Number:
    94-2607722

    Questions?
    Please contact Sam Greenberg, at 212-613-4426 / .