Download everett parks foundation - Community Foundation of Snohomish

Gift of Securities Instructions
Preface
If you wish to make a gift of securities to the Community Foundation of Snohomish County, there are
several possible ways of doing so, depending upon whether the securities are registered in your own
name, held in a bank custodian account, or in a brokerage account. Certain gifts of appreciated
securities receive tax-advantaged treatment. Generally, the donors will receive a full deduction for the
fair market value of the securities; however, they will not have to include in their IRS reported income
the gain that has accrued. Please consult your tax advisor for more detail on the treatment of such a
transaction.
Broker-to-Broker Transfer
Below is the information needed to assist in the transfer of securities from your own account to the
Community Foundation of Snohomish County. The Authorization to Transfer Stocks form is sent to your
broker and a copy sent or faxed to the Community Foundation of Snohomish County. If you choose
this method, please let us know in advance so that our broker can be alerted to accept the securities.
Schwab Wire Instructions
Citibank NA
111 Wall Street
New York, NY 10043
ABA 021000089
FBO: Charles Schwab & Co.
2423 East Lincoln Drive
Phoenix, AZ 85016
Account:
#4055-3953
FAO: Community Foundation of Snohomish County
Account:
#5282-8340
Delivery of Personally Held Certificates
The securities may be delivered to the Community Foundation of Snohomish County by mail or in
person. We will need a signed stock power (these can be obtained from banks or brokerage houses)
for each gifted certificate. If sent by mail, the stock power must be mailed separately from the
securities. Securities are freely negotiable when combined physically with the stock power.
If you have any questions or need more information, please call Maddy Metzger-Utt or Elena PullenVenema at 425-212-4056. Thank You!
Authorization to Transfer Shares
Date:
To:
(Donor’s Investment Firm/Bank)
(Street Address)
(City)
(State)
(Zip code)
RE:
(Complete Account Name)
(Account Number)
I,
authorize,
(Your Name)
to transfer
(Number of Shares)
of
(Investment Firm/Bank)
to
(Company Name)
DTC: #0164 – Code 40
FBO: Community Foundation of Snohomish County
Charles Schwab Account: 5282-8340
Thank you for your assistance in this donation to the Community Foundation of Snohomish County.
Sincerely,
Donor Name
Social Security Number
Address
City
State
Zip code
cc: Maddy Metzger-Utt, Community Foundation of Snohomish County, 2823 Rockefeller Ave, Everett, WA 98201
425-212-4056; [email protected].
The Community Foundation of Snohomish County is a 501c3 non-profit organization.
Our federal tax identification number is 94-3188703.