Highly appreciated stock or mutual fund shares are an impactful gift to The Florida Aquarium and our purpose-driven programs.
This investment in the future of marine wildlife offers several additional benefits to you as an investor. Avoid paying the capital gains tax on the increase in value of your stock or mutual fund shares. Receive a possible tax deduction for the full fair market value of those shares on the date of the gift.
How do I transfer gifts of securities?
There are several ways to transfer appreciated securities to The Florida Aquarium. The best method for you will depend upon how you hold the securities.
Electronic transfer: If the securities are held in a brokerage account, you can make a simple paperless transfer from your account to The Florida Aquarium’s brokerage account with The Bank of Tampa. The pertinent account information is:
- Brokerage Name and Address: BT Wealth Advisors, The Bank of Tampa, 601 Bayshore Blvd., STE 960, Tampa, FL 33606
- Account Name: The Florida Aquarium
- Account Number: 4161-8905
- LPL Financial DTC#: 0075
- Federal Tax ID Number: 59-2807815
Please contact Vice President of Philanthropy, Toni Wofford, at (813) 724-3334 or twofford@flaquarium.org prior to the transfer of securities to let her know that arrangements are being made.
Stock Certificate(s): If you hold the certificate, please send the unendorsed certificate by certified mail to Toni Wofford, Vice President of Philanthropy, The Florida Aquarium, 701 Channelside Drive, Tampa, FL 33602. In a separate envelope, please mail a signed stock power form with a guaranteed signature to the same address along with a cover letter outlining any restrictions associated with the gift.
Mutual Fund Transfer: Each mutual fund has its own method of transferring fund shares. Please contact the customer service representative at your mutual fund institution for instructions or contact Toni Wofford, Vice President of Philanthropy, at (813) 724-3334 or twofford@flaquarium.org, and she will request the necessary paperwork. Once the transfer has taken place, The Florida Aquarium will forward the appropriate documentation notifying you that the transfer of securities has been completed.
What if I own depreciated stock?
If you have depreciated stock and wish to use it in making a contribution to The Florida Aquarium, you can sell the stock and donate the proceeds to The Florida Aquarium. This will allow you to take a capital loss on the sale of the depreciated stock and also a tax deduction on the charitable gift.
