Children's
Bureau, Inc. Policy on Gifts of Securities, Stocks, Bonds
or Mutual Funds
Making
a charitable contribution to Children's Bureau, Inc. in the
form of long term appreciated securities generally provides
two important tax advantages. First, the donor is entitled to
a charitable income tax deduction based on the fair market value,
not the cost basis of the securities, provided it has been owned
for more than 12 months. The second advantage is avoidance of
the capital gain tax which would be realized if the appreciated
securities had been sold by the donor.
The
value of the stock - and the amount of the charitable contribution
- is the mean between the highest and the lowest selling price
on the date of the gift.
For
questions concerning the transfer of securities to Children's
Bureau, please contact:
Lee
Vriesman, Vice President of Development
Children's Bureau, Inc.
615 North Alabama Street, #426
Indianapolis, IN 46204
Telephone: 317-264-2700
Fax: 317-264-2714
The
easiest method of transfer is electronically between brokers,
for which you will need the following information:
Goelzer
Investment Management
Attn: Sherri Grabhorn
111 Monument Circle - Suite 502
Indianapolis, IN 46204-2990
317-264-2618
Children's
Bureau Account # 6GM-009683
DTC# 0443 Federal Tax I.D.# 35-1061264
Please
contact the Children's Bureau if you decide to contribute a
gift of securities. We also need a letter from the donor or
written on behalf of the donor by the bank, broker or agent
containing the following information:
- Name
- Address
- Description
of securities
- Date
of surrender
- Gift
designation or restriction
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