Gifting Securities to the Scholarship Fund of Alexandria
The Scholarship Fund of Alexandria gratefully welcomes gifts of stock donations. Per the Scholarship Fund of Alexandria’s gift acceptance policy, all marketable securities will be sold promptly upon receipt unless otherwise directed by the SFA’s Executive Committee. In some cases, marketable securities may be restricted, for example, by applicable securities laws or the terms of the proposed gift; in such instances the decision whether to accept the restricted securities shall be made by the Executive Committee. Marketable securities may be transferred electronically to an account maintained at one or more brokerage firms or delivered physically with the transferor’s endorsement or signed stock power (with appropriate signature guarantees) attached.
For accounting purposes, the Scholarship Fund of Alexandria recognizes the value received upon sale. Donors are encouraged to consult with their own legal and tax advisors concerning the tax implications of a stock donation and how the value of a donation is reported to tax authorities.
For specific instructions for gifting securities to the Scholarship Fund of Alexandria,
questions or for help with your gift of stocks, please contact:
Jasmine Milone at the Scholarship Fund of Alexandria
by email: [email protected] or by phone: (703) 824-6730
Jessica Marxer at RiverFront Wealth Advisors
by email: [email protected] or by phone: (571) 380-6180
