Stocks and Investment Fund Accounts
Stocks and Investment Accounts
How It Works
- Contact your broker or investment account holder about a TOD (Transfer on Death) or beneficiary designation form for mutual funds or other types of investment accounts. This form is also typically created when the account is setup.
- Connect with your legal and/or financial advisor(s).
- Designate the Optica Foundation as the beneficiary for your preferred percentage. For jointly held accounts, ensure all account owners are engaged.
- Send completed form back to your broker or investment account holder, then contact us at Foundation@optica.org or call Kristen Wesley, Deputy Senior Director, Development at +1.202.416.1441.
Benefits
- Receive an income tax deduction for the fair market value of the securities on the date of transfer, no matter what you originally paid for them.
- Pay no capital gains tax on the transfer when the stock or share of investment account is sold. Any portion of your investment account left to the Optica Foundation will be exempt from estate and inheritance tax.
