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STOCK GIFTS
Gifts of appreciated stock are an excellent vehicle for your charitable
gift to Craft Alliance.
When compared to an outright cash gift, gifts of stock have several advantages.
The Advantages of Giving Stock
With a gift of appreciated stock, you will:
-
Receive a charitable income tax deduction in an amount equal to the current
market
value of the stock.
- Avoid liability for the payment of capital gains tax.
- Make Craft Alliance a direct beneficiary of your investment success.
Making a Gift of Stock is as Easy as 1-2-3
- Ask your broker to electronically transfer the appropriate
shares from your personal
account to Craft Alliance’s account at Pershing, LLC (information
below).
Pershing, LLC As a gift from (your name):
c/o Walnut Street Securities, Inc. Account #: 5WL524688
485-E US Highway South, 4th Floor DTC: 0443
Iselin, NJ 08830
Fed Tax ID: 43-1022226
- Inform Craft Alliance of your stock gift intentions by calling the
Development Department at (314) 725-1177, ext. 321, or by faxing
Craft Alliance a copy of the directions to your broker.
- Pat yourself on the back for helping Craft Alliance.
Determining the Value
The value is determined by finding the mean, or average, of the high
and low at which the donated stock traded on the date of the gift.
Craft Alliance will furnish you with a letter
stating the gift date, the name and number of shares and the value
of the gift.
Information concerning gifts of stock should be directed to:
Development
Department
Craft Alliance
6640 Delmar Blvd.
St. Louis, MO 63130
(314) 725-1177, ext. 321
Fax: (314) 725-2068
Further Instructions
To deposit shares in certificate form:
- Need Certificate of Ownership
- Need Gifting Letter
- Need Stock Power Form
Sample Gifting Letter
Pershing, LLC
c/o Walnut Street Securities, Inc.
485-E US Highway 1 South, 4th Floor
Iselin, NJ 08830
RE: (Name of Stock Position)
To Whom It May Concern:
We, (stockholder name(s) as indicated on stock certificate), the
undersigned jointly and severally agree to gift (name of stock
position and number of shares) to Craft Alliance, a Not-For-Profit
Organization. In gifting this position, we are aware that we hand
over all ownership rights.
We further authorize Pershing, LLC to receive for deposit (name
of position and number of shares) into the account for Craft Alliance,
Account #5WL-524688.
We agree to indemnify and hold harmless Pershing, LLC and Walnut
Street Securities, their employees, successors and attorneys from
any and all claims, demands, actions, causes of action, or suits
(whether at law or in equity), damages, costs, or expenses (including
reasonable attorney’s fees, if any) that may hereafter arise
from the afore stated instructions.
(Signature of Giftor(s) and date) |
To Gift via DTC:
- Need Gifting Letter
Sample Gifting Letter
Brokerage Firm
Address
City, State, Zip
RE: (Name of Stock Position)
To Whom It May Concern:
We, (stockholder name(s) as indicated on account registration),
the undersigned jointly and severally agree to gift (name of
stock position and number of shares) to Craft Alliance, a Not-For-Profit
Organization. In gifting this position, we are aware that we hand
over all ownership rights.
We further authorize the gifting to Craft Alliance via DTC #0443
to Pershing, LLC for deposit (name of position and number of
shares) into the account for Craft Alliance, Account #5WL-524688.
(Signature of Giftor(s) and date) |
Questions?
Contact the Development Department on this website or by mail, phone
or fax:
Development Department
Craft Alliance
6640 Delmar Blvd.
St. Louis, MO 63130
(314) 725-1177, ext. 321
Fax: (314) 725-2068
jessica.arnold@craftalliance.org
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