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Author: tmeri Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 123513  
Subject: Determining the Date of Contribution of Stocks Date: 4/13/2004 12:18 AM
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I have one last question before I can finish my return. Last year I donated some stocks to charity. I am confused over what the date of the contribution should be. The instructions in both Publication 561 and 526 say something like:

The gift to a charity of a
properly endorsed stock certificate is completed
on the date of mailing or other delivery to the
charity or to the charity's agent. However, if you
give a stock certificate to your agent or to the
issuing corporation for transfer to the name of
the charity, your gift is not completed until the
date the stock is transferred on the books of the

In my case, I never had a stock certificate. The shares were held as book-entry shares only until I asked to have the shares transferred to the charity, at which point a certificate was first issued.

I think I have two candidate dates. The first date would be the date I mailed my medallion signature guarantee request to transfer the shares to the charitable organization. The second date would be the date the agent issued the certificate. Those are the only two dates I have any knowledge of.

What date would be the right date? It matters because I have to determine the fair market value, which would be different for those different dates.


- tmeri
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