Giving stocks and other securities is another great way to support AARCH. By making a gift of long-term appreciated securities to AARCH, you can avoid the capital gains tax that would be incurred if you sold the securities. A gift of securities also entitles the itemizers to take an income tax charitable deduction equal to the fair market value of the securities at the time of the gift. In order to avoid the capital gains tax, it is necessary to transfer appreciated securities directly to Adirondack Architectural Heritage rather than to sell them and contribute the net proceeds.

When you give long-term appreciated securities, you can deduct the full fair market value up to 30 percent of your adjusted gross income for that year. You may carry over any excess contributions of long-term appreciated property for up to five additional years. Check with your tax advisor to learn about the specific aspects of giving your securities.

Gifts of securities to Adirondack Architectural Heritage should be made through the Adirondack Community Trust, the community foundation serving our region.

What Your Broker Needs to Know:

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Before any shares are transferred, the Adirondack Community Trust (ACT) must be sent an e-mail or a fax indicating the following information:

• The name of the donor
  
• The name and CUSIP of the security
  
• The number of shares being donated
  
• The name and DTC # of the transferring broker
  
• The contact person for the brokerage and their contact information
  
• The name of AARCH's Fund within ACT is the Adirondack Architectural Heritage Fund
• Please also designate if the donation is earmarked for the AARCH Endowment or for general organization purposes
  

If ACT doesn't have this information before the shares arrive, they will be declined and sent back to the broker of origin. Also, if cost information is available it's helpful for us to have that to put into our system so that your statements will reflect gains/losses accurately.

ACT can be contacted at:

Cali Brooks, Executive Director
Phone: 518-523-9904
Fax: 518-523-9905
E-mail: Cali@GenerousACT.org

To execute a gift of stock to AARCH via ACT, instruct your broker to transfer the shares as follows:

To: DTC Eligible Securities: US Trust Company of New York
D.T.C. No. 0931
Account Number: 61265400
Account Title: Adirondack Community Trust
Attention: Andrew Lane
Fax: 212-852-3377
Phone: 212-852-3294
E-mail: Andrew_D_Lane@ustrust.com

For more information, you may also contact Steven Engelhart, Executive Director, at:

Adirondack Architectural Heritage
1790 Main Street, Civic Center, Suite 37
Keeseville, NY 12944
Phone: (518) 834-9328
FAX: (518) 834-9225
steven@aarch.org

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