Gift of stock or mutual funds
Thank you for your interest in supporting of The Children’s Center. To help you facilitate a gift of stock, please use the following three easy steps:
- STEP 1: Stock transfer overview
- STEP 2: How to initiate transfer
- STEP 3: Notify The Children's Center
Securities can be gifted to The Children’s Center in one of two ways:
Benefits of gifting stock to The Children’s Center
There are many benefits to giving a gift of securities as an alternative to a cash contribution. By contributing appreciated securities through The Children’s Center of Wayne County, you make a powerful community contribution while gaining valuable tax advantages. If you have owned appreciated securities for at least a year and a day, your contribution can offer the following benefits:
1. Eliminates Capital Gains Tax
By donating your appreciated securities, you avoid the capital gains tax you would owe if you sold the securities yourself. The deduction of gifts of appreciated capital-gains property is limited to 30% of your adjusted gross income, subject to the five-year-carry forward provision.
2. Enjoy a Last Minute Tax Break
At the end of the calendar year, when tax breaks and timing are critical, securities can be deducted on the date you transfer them.
3. Claim the Market Value
By claiming the market value (versus the cost basis) of the securities, you can enjoy a charitable contribution tax deduction equal to the average of the highest and lowest quoted sales price on the day you make the gift.
Initiate Stock Transfer
To initiate a stock transfer, please contact Raymond Byers, Chief Financial Officer, The Children’s Center at 313.831.5535 or firstname.lastname@example.org.
Notify The Children’s Center by filling out the form below
Each time a gift of stock is donated, regardless of the method chosen to deliver a gift of stock, information about the gift for audit and acknowledgment purposes is needed. Please complete the form below and submit for our records.
- Donor’s full name and complete address
- Name and number of securities transferred
- Date of the transfer
- Specific need or service at The Children’s Center to which gift should be directed, if any.
Donating shares of mutual funds is a great way to support The Children’s Center. Electronic delivery of mutual fund shares is the most secure and expedient delivery process available and provides efficient internal control as well as cost savings. The Children’s Center has accounts open at many of the large fund companies, which is necessary to initiate the transfer. However, we recommend that you contact us to confirm if an account number is available. It may be necessary for us to initiate an account to accept transfers of shares.