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 restrictions
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