Reeve Foundation’s Tax ID is 22-2939536.
Gifts of stocks and other securities that have appreciated in value allow you to avoid capital gains taxes while also receiving a tax deduction for your gift to the Reeve Foundation. You avoid the taxes incurred from selling and donating the cash, so your gift has the potential to be up to 20% larger. Meaning you make a larger impact by donating stocks directly to a charity!
Please contact Melissa Burke at 973-933-7119, Monday through Friday from 9:00 am – 5:00 pm, for Reeve’s DTC and additional account details. Please provide us with the name of the stock(s) or mutual fund, number of shares, symbol, and gift designation(s) so we may monitor our account for the expected transfer and designate your gift accurately. Certain mutual funds are not transferable and special accommodations may be needed to be made for your gift.
Valuation: For recognition purposes, the gift value is determined by using the mean between the highest and lowest quoted price on the date the shares are received in Reeve’s account. We recommend you consult with your tax advisor to determine whether to use this value or another value for tax purposes. Please see IRS Publication 561 for additional details.
IRA Charitable Rollovers or Qualified Charitable Distributions (QCDs) are ways for individuals aged 70 ½ or older to use their IRAs to create an impact. QCDs are distributions from your IRA made directly to a qualified nonprofit organization without having the distribution counted as taxable income.
While the process is simple, there are specific requirements. Please review our sample IRA letter to learn more.
Make a lasting impact on the future strength of our programs by including us in your will, bequest, or financial plan.
There are many opportunities to join the Reeve mission and support our work.
A simple, flexible and tax-advantaged way you can make charitable donations.
