Thank you for your interest in supporting Derby with a gift of securities. Any securities (stocks, bonds, mutual funds) that have appreciated in value may be donated to the school. Current tax law allows a deduction for the appreciated value of a security without paying a capital gain.
Please transfer gifts of stock to:
Custodian: Charles Schwab & Co, Inc.
DTC clearing number: 0164
Derby account number: 8052-9055
Derby account name: Trustees of Derby Academy
Derby’s tax ID: 04-2137227
Please let us know the following so that we can be sure to credit your gift properly:
- Name of stock to be donated
- Number of Shares
- Date of the transfer
- Estimated value
To ensure our ability to promptly acknowledge your gift, please advise your broker to name you on a trailer on the transaction confirmation.
Once the gift reaches Derby’s account, the school will notify you of the mean value of your gift the day it was received into Derby’s brokerage account for the purpose of determining your charitable contribution.
If you are making a calendar year-end gift, try to allow one business week for processing time. Brokerage offices are typically backlogged in late December.
THANK YOU for including Derby Academy in your charitable giving!