Donate Appreciated Securities
Thank you for considering a gift of appreciated securities to Save The Bay. Donating stocks, bonds, or mutual fund shares that you’ve held for more than one year is a powerful way to support our work. By giving appreciated securities directly, you may receive a charitable deduction for the full market value of your gift and avoid federal capital gains tax on the appreciation.
To ensure your gift is properly credited and that you receive a tax receipt, please notify your broker, Save The Bay’s broker, and Save The Bay before completing the transfer. Due to privacy rules, securities are sometimes transferred without
donor information; without that information, we cannot properly credit your gift or provide a receipt for tax purposes.
Please follow the step-by-step instructions below, or download the instructions for your convenience.
If you have questions, please contact Maureen Fogarty at mfogarty@savebay.org or 401-272-3540, x109.
Step-by-Step Instructions
1. Notify Save The Bay of your gift intentions.
Please email Maureen Fogarty at mfogarty@savebay.org to let us know that you are transferring a gift of appreciated securities.
You may also call 401-272-3540, ext. 109 if needed.
2. Notify your broker of your charitable gift intentions.
Ask your broker to include your name and contact information with the transfer, and to notify Citizens Investment Services of who the gift is from and the amount. Please authorize your broker to share this information with both Citizens and Save The Bay.
3. Have your broker contact Save The Bay’s broker:
Citizens Investment Services, Inc.
Attention: Brokerage Operations
One Citizens Drive
Riverside, RI 02915
Save The Bay Account # N6B-101206
1-800-456-0603
Important Note for Online Brokerage Accounts
Some online brokerages (including Robinhood) do not support direct transfers of securities to nonprofit brokerage accounts. If your shares are held on a platform that does not support direct transfers, please contact Save The Bay before you initiate your transfer. We will provide the correct steps to complete your gift smoothly.
Information for Your Broker’s Use*
Physical Delivery
Make checks payable to: National Financial Services, LLC
Deliver to:
Citizens Investment Services, Inc.
Attention: Brokerage Operations
One Citizens Drive
Riverside, RI 02915
Save The Bay Account # N6B-101206
DTC Eligible
National Financial Services, LLC
DTC Clearing: 0226
Name: Save The Bay, Inc.
Account # N6B-101206
*All deliveries must include Save The Bay, A/C # N6B-101206 and National Financial Services, LLC.