Stocks, IRA, etc.

Thank you for considering a gift of appreciated stock or a charitable IRA distribution. When you make a gift to WITF by transferring appreciated stock, mutual funds or a distribution from your IRA, you can support the programming you love and receive tax savings as icing on the cake!

Giving stock held more than 12 months offers a two-fold tax savings: You may avoid paying capital-gains tax on the increase in value of your stock, and you will receive a tax deduction for the full fair market value of the stock on the date of the gift. This is an excellent giving option for stock that has appreciated substantially in value. Please remember that to achieve the maximum amount of tax savings, you must have your financial advisor transfer the funds directly to WITF. 

Making a distribution to WITF through your traditional or Roth IRA can also help lower your income and taxes if you are 70½: You can avoid taxes on transfers of up to $100,000 from your IRA to WITF while satisfying your required minimum distribution (RMD) for the year and reducing your taxable income. Note that because you will not pay taxes on the charitable distribution to WITF from your IRA, the donation through your IRA will not be tax deductible.

Please provide the following information about WITF to your financial advisor or IRA plan administrator:

Account Name: WITF, Inc.
Tax ID#:  23-162-9016
DTC #: 0141
Broker and Brokerage Firm:  Wells Fargo Advisors
Account #:  8753-5969

Gifts should be directed to Major Gifts Department, WITF, 4801 Lindle Road, Harrisburg, PA 17111.

Please call or e-mail WITF to tell us of your intent to donate through a gift of stock, mutual funds or with an IRA charitable distribution so we can properly credit your gift and assist you with the details of the transfer. Otherwise, we will not know who made the direct transfer gift of stock or the IRA distribution!  Contact the WITF Major Gifts team members at premiercircle@witf.org or (717) 910-2886.