The following account and contact information is what your broker needs to make the transfer directly to our account on your behalf:
Broker: William Blair & Company – Custodian is National Financial Services
DTC # 0226
Account # GER019655
Contact: David Dreifuss
Phone: (312) 364-8363
Contact: Kelsey Stella
Private Wealth Management
Phone: (312) 364-5162 direct
Please be sure to have the broker indicate your name on the transfer so that we can promptly identify and acknowledge the gift. Because this is an area that is not standard among brokers, please have them use a memo field or the most likely field to come through to our broker, perhaps with instructions such as “send donor name to accepting broker” so that the person executing the trade, who may be different from the person you are working with, knows to include your name.
It is also important to email Amy Drozda at email@example.com or write Big Shoulders Fund directly to inform us of the following:
- Date of the transaction
- Name of stock
- Number of shares
- Any restrictions or special instructions for the gift
This will help us to identify the stock in case your name does not come through to our broker and to make sure we use your gift according to your intentions.
You should be aware that any stock we receive will be sold immediately, so once a stock is transferred it cannot be recalled.
Donors are responsible for establishing the amount to be deducted as a charitable contribution for a stock gift. Your gift acknowledgment will not include that information. We will only acknowledge the date of the gift, and the number and type of shares we received as required by the IRS. (See below for information from the IRS website) As a reference, for internal purposes we value stock at the average of the high and low sale price on the day we receive the stock using published stock prices. Please consult your tax advisor if you have any questions regarding the valuation or deductibility of your gift.
For donations to the Tax Credit Scholarship Program only, we will also inform you of the net amount realized from the sale of the stock. Your official certificate of receipt will reflect this amount, which is the amount required to be reported by the Illinois Department of Revenue. If the proceeds are not sufficient to cover your entire tax credit amount, you may either donate additional cash or stock, or you may choose to let the unused portion lapse.
Please contact Malcolm Douglas at 847-997-7495, firstname.lastname@example.org with any additional questions or to send information regarding your gift.
From the IRS website:
Please note the third bullet point regarding the value of non-cash contributions:
Charitable Contributions – Written Acknowledgments
The written acknowledgment required to substantiate a charitable contribution of $250 or more must contain the following information:
- Name of the organization;
- Amount of cash contribution;
- Description (but not value) of non-cash contribution;
- Statement that no goods or services were provided by the organization, if that is the case;
- Description and good faith estimate of the value of goods or services, if any, that organization
provided in return for the contribution; and
- Statement that goods or services, if any, that the organization provided in return for the contribution
consisted entirely of intangible religious benefits, if that was the case.
In addition, a donor may claim a deduction for contributions of cash, check, or other monetary gifts only if the donor maintains certain written records.
Publication 1771, Charitable Contributions – Substantiation and Disclosure Requirements