Stocks and Securities

You invest. A child profits. It’s that simple. By making a donation in the form of stocks, bonds, mutual funds or other appreciated securities, you are making an investment in the future of children in your community. As a donor, you are entitled to take a charitable deduction for the full fair-market value of appreciated securities held longer than one year, and you usually avoid paying the capital gains tax that would be due if you sold the securities.

Issuing a Physical Stock Certificate

Instruct your broker to issue a stock certificate and deliver checks and non-eligible securities to:

BNY Mellon, Account Funding Team
500 Ross Street, Suite 0325
Pittsburgh, PA 15262.

Please reference BBBSLI, account number 10571343200.

Donating Stock or Bonds Held By a Bank or Broker

If your equities are currently held at a bank or in a brokerage account, simply send a letter of instruction to your broker or banker with a full description of the securities and your gift’s intended purpose. Securities can be sent electronically using the following transmittal instructions:

Initiating a Wire Transfer of Stock

Instruct your broker to initiate a wire transfer of stock to our account at BNY Mellon.

BNY Mellon’s DTC # is: 8275

ABA # 021000018 BK of NYC/Trust

BBBSLI’s BNY Mellon’s account # is:  10571343200

Transferring between BNY Mellon accounts (if you have a BNY Mellon account)

If you have an account with BNY Mellon, N.A., please contact your relationship manager to transfer shares to BBBSLI account #10571343200, and BBBSLI’s employer Identification number is 11- 2422452.

Once you’ve instructed your broker to Issue a Physical Stock Certificate, Transfer DTC-eligible Securities, or Transfer between BNY Mellon accounts, please contact Mark Cox at mcox@bbbsli.org or (516) 731-7880 x213 to provide the following information. We will notify our representatives at BNY Mellon to watch for your donation and once it is received ensure that your gift is designated correctly.

– Name of the stock being donated
– # of shares being donated
– Purpose for the stock gift if other than for general purposes; options include:

o Annual Fund
o  Holiday for Kids’ Sake
o  Dorothy & John Talotta Scholarship Fund
o  Jeffrey Grant Scholarship Fund
o  James Metzger Endowment Fund

Donating Stock Certificates You Hold

Please contact Mark Cox at mcox@bbbsli.org or (516) 731-7880 x213 to discuss your options for donating physical stock certificates you hold.

Effective Date and Value of Your Gift

Your gift of stock or publicly traded securities will be valued based on the mean market price of the securities on the gift date. We will provide you with a receipt for your tax records. Big Brothers Big Sisters of Long Island determines your gift date according to the following guidelines:

  • By mail, it is the later of the postmark dates of your separately mailed stock certificates and stock powers.
  • By electronic transfer, it is the date that the securities enter BBBSLI’s account.
  • By hand, it is the date that a BBBSLI employee receives the stock certificates and stock powers of attorney.
  • By re-registering securities in BBBSLI’s name yourself, it is the date on the new certificates (this method takes the longest).