Primary Contact

Kelley Hohorst, Development Officer
Email: khohorst@ssseva.org (preferred)

Step-by-Step Instructions

Step 1: Notify Senior Services

Please contact the Development Officer to share your intent to make a stock gift and provide:
• Your name and contact information
• Name of the stock and number of shares
• Brokerage firm
• Anticipated transfer date
• If emailing, please include “Stock Donation” in the subject line

Step 2: Instruct Your Broker to Transfer the Stock

Ask your broker to transfer the shares using the following information:

Brokerage Firm: __________________________
DTC Number: _____________________________
Account Name: Senior Services of Southeastern Virginia
Account Number: _________________________
Tax ID (EIN): 54-6069786

Step 3: Receipt and Sale of Stock

Once received, the stock will be sold as soon as administratively possible, consistent with organizational policy.

Step 4: Gift Acknowledgment

You will receive a written acknowledgment confirming the number of shares received and the date of receipt. Your brokerage statement establishes the gift’s value for tax purposes.

 

What is a gift of stock?

A gift of stock is a charitable donation made by transferring shares of publicly traded securities directly to Senior Services of Southeastern Virginia rather than giving cash.

Why do donors choose to give stock?

Donors often choose to give appreciated stock because they may be able to:

• Avoid capital gains tax on the appreciation
• Receive a charitable income tax deduction (if eligible)
• Support a cause they care about in a tax-efficient way

 

What types of stock are accepted?

Senior Services accepts gifts of publicly traded securities. Gifts of closely held stockshares in a privately owned company that are not publicly traded—require additional review prior to acceptance due to valuation and liquidity considerations.

How is the value of a stock gift determined?

For tax purposes, the value of a stock gift is based on its fair market value on the date the stock is received by Senior Services. Fair market value is determined by the average of the high and low trading prices on that day, in accordance with IRS guidelines.

You will receive a written acknowledgment confirming the number of shares received and the date of receipt. Your brokerage statement establishes the gift’s value for tax purposes.

Does Senior Services sell donated stock?

Yes. The organization typically sells donated stock as soon as administratively possible. A decision to hold stock would be made by Senior Services’ Board of Directors.

Can a stock gift be restricted to a specific purpose?

Restricted stock gifts may be accepted when the restriction aligns with the organization’s mission and operational capacity. Please contact the Development Officer to discuss any restrictions.

Whom should I contact to discuss a stock gift?

Stock gifts can be coordinated through:

Kelley Hohorst, Development Officer
Email: khohorst@ssseva.org