Gift of Securities

Interlakes Community Caregivers

Gift of Securities

Many donors prefer gifts of appreciated stocks, bonds, and mutual funds when considering a donation of $1,000 or more.

Broker Name: Pershing LLC

DTC Number: 0443

Account Name: Interlakes Community Caregivers, Inc.

Tax ID: 20-0625613

Account Number: 6FK-007178

If you need clarification or more information, please feel free to contact:

How to Give Securities

Transfer securities electronically:

Please send notification of your gift to the Executive Director via telephone or email using the contact information provided below.

In accordance with IRS guidelines, the date of the gift will be considered the date that ICCI assumes ownership of the shares.  For crediting purposes, the value is determined as the average of the high and the low listing on the date the stock is deemed gifted.

Donate a physical stock certificate:

Please mail the unendorsed certificate(s) with a letter of instruction that specifies Interlakes Community Caregivers, Inc. as the recipient and outlines the details of the contribution, as well as any particular designation.  Under separate cover, send a copy of this letter and a signed (but otherwise blank) Stock Power form for each certificate, making sure the signature corresponds exactly with the name as it appears on the face of the stock certificate. Mail all documents to the address below.  The date of the gift will be determined by the later postmark of the two envelopes.

Certificates may also be hand-delivered to the Interlakes Community Caregivers, Inc. office at the address below.  Please note that it is unnecessary to have certificates registered in ICCI’s name.

Tax Advantages

You may claim a federal income-tax charitable deduction when filing an itemized return, and many state income-tax laws allow this type of deduction as well. When the donated items have been held for more than one year, you may claim a deduction for their full fair-market value, and after appreciated securities are donated, you can avoid paying tax on the capital gain.

Deductibility Limits

You may be able to claim a gift of long-term appreciated securities as an income-tax charitable deduction in the year of your donation up to 30 percent of your gross income. Any excess donation not claimed may be carried forward for an additional five years. If your donated securities have been held for less than twelve months, only your cost basis is deductible.