Gifts of appreciated securities, stocks and bonds are a great way to support Boston Latin while reducing your taxes. Long-term appreciated assets — held for more than one year — are deductible in the year you make your gift. You earn an income-tax deduction on the current value while avoiding the capital-gains tax that would be due on sale of the stocks. Thus, making a gift of stocks purchased at a cost of $10,000 that are now worth $75,000 would yield a deduction for $75,000 to the donor and a gift of $75,000 to the school. The $65,000 difference between the cost basis/original purchase price ($10,000) of the stocks and their current value ($75,000) would not be subject to capital-gains tax if the stock is given to the school before being sold.

The process for making a stock gift is easy: Gifts may be transferred directly by your broker to our brokerage account or certificates may be given to the Association

For Securities Held By a Bank or Brokerage Firm:
Instruct your broker or agent to call Jim Gard, Vice President of Finance and Operations, 617.450.0004 ext. 33. We will advise your broker or agent about delivery of the stock. You should also send a letter to the BLSA stating the purpose of your gift.

For Securities Held By You:
Endorse the certificates to “Boston Latin School Association” and send directly to Jim Gard, Vice President of Finance and Operations, Boston Latin School Association, 101 Huntington Avenue, Suite 200, Boston, MA 02199, accompanied by a transmittal letter giving your name and address and stating the purpose of the gift. If you choose to use a stock power, send unendorsed stock certificates and the stock power under separate cover with a copy of the transmittal letter to accompany each mailing.

Jim Gard
Vice President of Finance and Operations
Boston Latin School Association
101 Huntington Avenue, Suite 200
Boston, MA 02199
Phone: 617.450.0004 ext. 33
Fax: 617.450.0284