Gifts of Stocks, Bonds, or Other Securities

Gifts of appreciated stocks, bonds or other securities allow you to make a substantial gift to Penland at minimal cost. You will receive a tax deduction based on the value of the security on the date of the gift.

When making a gift of stock, please contact (or have your broker contact) Susan McDaniel or Joan Glynn that a stock transfer is pending. Notification should include the name of the donor and any restrictions on the gift. It would also be very helpful to us to know the name of the stock and number of shares to be transferred. Once notified, Susan McDaniel will track all transactions in our brokerage account for the receipt of the gift.

If you have any questions or problems with this transaction please do not hesitate to contact us at 828-765-2359:

Susan McDaniel: financedirector@penland.org, phone extension 1330
Joan Glynn at developmentdir@penland.org, phone extension 1206

Penland’s Brokerage account information:

Wells Fargo Advisors
PO Box 77046
Minneapolis, MN 54480-9902

WellsTrade Investment Account: 2349-7808
DTC: 0141
Taxpayer Identification Number: 56-0623948