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