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Thank you for your intent to donate stock to Center on Halsted. Please pass on the stock delivery instructions to your broker to ensure proper handling. It is also important that you contact us so that we know the source of the gift and can send you proper acknowledgement.
Merrill Lynch
DTC # 5198
FBO Center on Halsted
Account # 5F6-85Y80
Federal Tax ID: 51-0178807
Please contact or ask your stock broker to contact the Center on Halsted's Development Department at 773-472-6469 or donate@centeronhalsted.org. Please provide your name, your phone number, the name of the investment, number of shares and intended purpose of the gift so we can make sure that the stock transfer happens according to your wishes and properly acknowledge your generosity.
After Center on Halsted is notified that your donated securities are received, we will acknowledge your gift with the information you need for your tax records. Please watch for this letter from us.
- What amount can a donor take as a tax deduction?
The donor receives a total charitable contribution for the average or median value of the HIGH and the LOW of the stock on the day that it was transferred.
Example: If the average price per share was $10.00, and 100 shares were donated, the total value of the donation would be $1,000.00.
- If a stock is donated to us to satisfy an existing pledge, what dollar amount is credited to the pledge?
The total value of the donation, as seen in the example above, is the amount that would be applied to the pledge.
- What if the stock is sold at higher or lower price than the average price that was credited to a pledge? Do we adjust the amount that is credited to a pledge?
No, the donor is credited for the value of the donation as seen in the above example.
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| Copyright © Center on Halsted | 3656 N. Halsted Street | Chicago, IL 60613 | 773.472.6469 |
