The New York Institute For Special Education

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· Serving Students with Special Needs since 1831 ·

Stocks, Bonds and Mutual Funds

Gifts of stocks, bonds, or mutual funds may be donated as outright gifts or as a pledge payment. When you make a gift of securities, your income tax deduction is equal to the fair market value of the securities, and you may avoid capital gains taxes on the transfer.



If a bank or broker holds your stock, please notify Kim Benisatto at (718) 519-7000 x315 or [email protected]. Without this information, the stock transfers can occur without our knowledge, making it difficult to give you proper tax credit and recognition.


If you hold the physical stock certificates yourself, mail them and a completed stock power form in separate envelopes (by certified mail) on the same day to:


New York Institute for Special Education

Development Department

999 Pelham Parkway

Bronx, New York 10469


Mutual funds

Plan when making a gift using shares of mutual funds. Since the mutual fund transfer process varies by company, please contact Kim Benisatto at (718) 519-7000 x315 or [email protected] to obtain the applicable transfer



The transfer process takes longer than a stock transfer, so please allow four to six weeks for the transaction to be completed. If you are planning on making a year-end gift, please start the process in early November.