History shows that investing in the stock market over the long term has many advantages. Many security holdings have a significant level of unrealized gain. That is the good news. The bad news is that if these appreciated securities are sold, a significant amount of the gain could be lost to federal taxation, plus additional state taxes. If you make gifts to the USO, now is the time to consider the effectiveness of gifting these appreciated assets instead of cash or checks.
If you've owned a corporate stock for at least 12 months, and give the stock to the USO, the IRS allows you to deduct its full market value without paying any tax on the long-term capital gain. Obviously, this benefits both you and the USO. You get an additional tax deduction and the USO gets a larger gift than if you had sold the stock, paid tax on the gain, and given the remainder to the USO. And in that generous act, you get the assurance that you have made a difference in the lives of our troops and their families who give so much to make this country strong.
If you transfer stock before December 31, you can claim the tax deduction on your tax return.
To make a gift of stock to the USO
Before you request a transfer, please send us an e-mail and let us know the name of the corporation (issue), the number of shares, the expected transfer date and the name and telephone number of your broker. Please do this before you request a transfer. We will call or email you to make arrangements for the transfer.
You should always check with your own tax advisor before making a gift of stock or securities.
DTC No 0992
BMO Harris, N.A.
F/C # 74-1009-01-3, USAA Savings Bank
FBO: United Service Organizations, Inc.
Account number: 62-0159-01-2
USO Tax ID: 13-1610451
Transfer of Physical Securities
If you have stock certificates and wish to transfer the physical securities, please mail the executed certificates to:
2111 Wilson Boulevard
Arlington, VA 22201
You may want to request delivery confirmation from the U.S. Postal Service or other mailing service.
For more information, please email us.