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2020 End of Year Appeal

Worth considering for a 2020 year-end gift to Tri-County

Transfer of securities

Given the appreciation of the stock market this year, several supporters are donating appreciated stock and importantly, typically there are no capital gain implications to the donor. The only requirement is you must have held the stock for one year.  As always, please consult your tax advisor.


A gift through the transfer of securities is easily done. The process is completely electronic. Call Mike Mund (at the Tri-County office 973-984-9600) and ask for Tri-County’s DTC instructions. Give that information to your broker/dealer and authorize them to deliver the shares. Let Mike know what and when you gave and he will provide you with a tax letter. The tax deductible value of the gift is calculated by taking the average of the high and low price on the date the shares are delivered.

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