Gifts Of Securities

A Win-Win Gift  

A gift of stocks or other investments can provide a wonderful opportunity to further our work with children and families, and at the same time provide you with excellent tax benefits.   

A gift of securities that have appreciated in value and which you have held for more than one year will provide you with a charitable income tax deduction for the full fair market value of the asset.  In addition, you avoid all federal capital gains tax that would otherwise be due on the sale of the securities. 

How To Donate

If you hold the certificate, send it unendorsed to Children's Home by certified mail.  In a separate envelope, mail a signed stock power form with a guaranteed signature. 

If your stock is held in a brokerage account, it can be electronically transferred to our account at National City Bank.  Have your broker contact me prior to the transfer so that we may facilitate the transfer.   

Children's Home may have an account already established with your brokerage firm.  If so, you may have your broker transfer the shares into our account.  The broker then will need to contact us for instructions.  Do not have your broker sell the shares directly from your account, as this would make you liable for the tax on the appreciation.  Children's Home maintains an account at the following institutions:  

Commerce Brokerage Services   Merrill Lynch
First Allied Securities  Morgan Stanley  Dean Witter
First Union Securities Robert W. Baird & Company
NatCity Investments  Salomon Smith Barney
   

 If your brokerage firm is not listed here, please have your broker contact me. 

For More Information:

If you have further questions or need more information, please contact me at bgrant@chail.org or at 309-687-7210. 

Brigitte Grant, MBA
Vice President of Development 
Children's Home Association of Illinois
2130 North Knoxville
Peoria, IL  61603

 

 

 

 

 


 

 

 

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