Stocks and Securities

Stocks, Bonds, and Mutual Funds - Oh my!

Donating appreciated securities (stocks, bonds, and mutual fund shares) held for at least a year and a day to Near North Montessori is a tax-advantaged way to make a gift and can be done easily. You will be entitled to a charitable deduction on the fair market value of the securities on the date of the gift, and you will not incur any capital gains tax on the appreciation. 

While Near North welcomes gifts of cash, there can be a more tax-beneficial way to gift larger amounts. Donating appreciated securities is a win-win for donors and charities. The two key advantages:

  1. Any long-term appreciated securities with unrealized gains (meaning they were purchased over a year ago and have a current value greater than their original cost) may be donated to a public charity and a tax deduction taken for the full fair market value of the securities—up to 30% of the donor’s adjusted gross income.
  2. Since the securities are donated rather than sold, capital gains taxes from selling the securities no longer apply. The more appreciation the securities have, the greater the savings will be.
How to Donate Stock

Please contact the Advancement Office at giving@nnms.org to coordinate your stock donation.

Matching Gift Program Search

Many employers sponsor matching gift programs and will match contributions made to Near North Montessori by their employees - including stock donations. Search here to see if your gift is eligible.

If you have any questions, contact the Advancement Office at 773.269.6239 or giving@nnms.org.
Near North Montessori’s tax ID# is: 36-2535895