Gifts of appreciated securities, stocks, and bonds also provide considerable tax advantages when transferred to the Achievement Centers for Children before they are sold. If you have held your securities for more than one year, you may find that your gift will provide a twofold tax benefit, creating an income-tax deduction as well as helping avoid the capital-gains tax that would have been due upon their sale.
If you wish to transfer stocks from a broker’s account:
- The Achievement Centers has a brokerage account for the purpose of accepting gifts of stock, appreciated securities and bonds. Have your broker call the Achievement Centers Development Office for transfer details and account information.
- If stocks are to be delivered by DTC to the Achievement Center’s bank, please tell your broker or financial advisor that our account is a Glenmede Trust Company account, DTC #2139.
- Please let your broker know that it is a gift to Achievement Centers and ask your broker to pass on your name and address for proper recognition and an acknowledgement that will meet IRS regulations.
If you wish to make a gift of physical securities on hand:
- Physical stock certificates may be sent by certified mail or overnight express, with endorsement on the back of the certificate(s) exactly as stated on the face of the certificate(s). Do not fill in any other blanks. No stock power is necessary as long as you do not fill in the Achievement Center’s name on the back.
You also may make a gift of mutual funds, non-marketable stock, or closely held stock. Contact the Development Office for information about giving these types of securities.
The Achievement Centers for Children’s address in connection with gifts of securities is:
Achievement Centers for Children
Development Office
4255 Northfield Road
Highland Hills, OH 44128
(216) 292-9700, ext. 284
(216) 292-9721 – fax
