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With the stock market at all-time highs, this is a great year to consider a gift of appreciated securities while saving on your income taxes.


1. Save on Income Taxes: If you’ve held stocks or mutual fund shares for more than one year, you will receive a federal income tax charitable deduction for the current value of the securities (transfer must be made on or before December 31).  

2. Avoid Capital Gains Tax: Since the securities are donated in-kind, capital gains taxes do not apply to the transfer.

Ready to Get Started?

A. Tell your bank or broker the stock name and number of shares to be transferred from your account to Grace Academy.

B. Have your banker/broker transfer securities to Grace Academy via DTC, using the following instructions:

DTC #0226

Essex Financial Services, Inc.

Grace Academy Inc.

Account No. 645-667520

Custodian: Fidelity Investments


In order to promptly and accurately credit a security gift to the appropriate donor, it is essential that the transfer instructions include the donor’s name and address. You can also call or email Grace Academy so that we can provide you with proper gift acknowledgment.


If you require further information, please contact:

William Tait

c/o Essex Financial Services

 176 Westbrook Rd, Essex, CT 06426

(860) 767-4300

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