Stock Donation
Many donors choose to make stock gifts each year. A charitable gift of stock held for more than 12 months offers a two-fold potential tax savings:
- Avoid paying capital-gains tax on the increase in value of your stock, and
- Receive a tax deduction for the full fair market value of the stock on the date of the gift
Subtracting the tax savings from what you originally paid for the stock can result in a gift that costs just pennies on the dollar. This is an excellent giving option for stocks that have appreciated substantially in value.
In addition to the attractive tax benefits of a gift of stock or mutual fund shares, you will have the satisfaction of knowing that you are helping families achieve the dream of homeownership.
Download the instructions for DTC Delivery
How to initiate a stock transfer
The fastest and easiest way to make a gift of stock is to have your broker perform an electronic transfer. You can also contact Homeward Bound’s broker at the following contact information:
Brokerage Firm: Bremer Bank, a division of Old National Bank
Wealth Advisor: Bren Iramina
Phone: 612-373-4255
Email: Bren.Iramina@1834.com
DTCC Clearing Number
SEI Private Trust Company
DTCC # 2663
FFC: 699404 Homeward Bound Inc Agency
Tax ID: 41-1223085
Please notify Homeward Bound Inc. prior to initiating stock transfers.
Finally, when you make a gift of securities, please contact us so we can acknowledge your gift in a timely and efficient manner. Or, for more information, contact Development at doantions@hbimn.org or 763-746-4822.
