The most common ways to give to The Einstein Project are gifts
of cash, securities, and stocks.
Gifts of cash are most often made through a single payment by
check or credit card. Gifts are also made through pledge payments.
Payments of pledges may be set up in a number of ways including
monthly, quarterly, or annually. In most cases, cash gifts are
unrestricted in nature, thus enabling The Einstein Project to
meet the greatest needs of the organization.
Some people choose to give The Einstein Project stock or
appreciated securities. These gifts offer the donor the opportunity
to realize significant tax advantages.
A charitable gift in the form of long-term appreciated
securities generally provides two important tax advantages to the
donor. First, the donor is entitled to a charitable income tax
deduction based on the fair market value - not the cost basis - of
the securities, provided that they have been owned for more than
twelve months. Second, the donor avoids any potential tax on the
capital gains and any sales commission that would be payable upon
sale of the securities. Securities can be donated outright or
transferred to fund life-income gifts, and can include publicly
traded common stocks and bonds.
A donor who is in the 31% income tax bracket, owns securities
currently valued at $50,000 that were purchased several years ago
for $20,000. The donor contributes the securities to The Einstein
Project and realizes a $50,000 charitable deduction that saves
$15,500 in income taxes (31% off $50,000). In addition, the donor
avoids the potential capital gains tax on the $30,000 paper profit
for a further benefit of $6,000 (20% of $30,000).
The full fair market value of gifts of long-term, capital gains
securities or real estate is deductible up to 30% of a donor's
adjusted gross income. Any amount in excess of the 30% ceiling can
be carried forward for five years.
When securities are in the possession of the donor they should
be delivered to The Einstein Project, without endorsement, by
registered mail. A stock power bearing the donor's signature
guaranteed by a commercial bank should be delivered separately. If
the certificates are already endorsed, the stock power is not
required. However, the certificates are therefore negotiable and
should be hand-delivered or sent by insured mail.
The gift value of the stock is the mean of the published high
and low price as of the latest postmarked date or the date the
securities are hand-delivered.
If your securities are held in "street name," you can instruct
your broker to transfer them to The Einstein Project. It is
important to notify The Einstein Project with the name of the stock
that will be donated. Please contact The
Einstein Project for instructions on how to transfer
If the securities have depreciated in value, it is not
recommended that they be donated directly. It is generally to the
donor's advantage to sell the securities to establish a tax
deductible loss and then donate the cash proceeds to The Einstein
The Einstein Project is a 501(c)3 nonprofit
organization. All contributions are tax deductible.
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