A gift of a security that you own offers two distinct tax advantages:

First, you are not taxed on the appreciation in value and, second, you are entitled to an income tax deduction for the full market value at the time of the gift, if you have owned the stock for more than twelve months.

To preserve the tax benefits it is important to follow these procedures.

If the stock is held in a brokerage account . . . it should be transferred by wire transfer directly in to the Sigma Phi Epsilon Educational custodial account by your broker.  Click here for instructions.