Gifts of Stocks and Bonds
Donating stock, bonds or mutual funds is a great way to make your gift have a meaningful impact and save taxes as well as receive a charitable deduction.
Benefits of stock giving
Rather than sell your stock and face paying capital gains taxes, you can donate your stock to The Salvation Army, a tax-exempt charitable organization. This means that The Salvation Army will receive the full benefit of your gift and you won't have to face extra charges come April. In addition, your gift is directed back to your local area to help those in need in your community.
Steps to make a gift of stock
The most efficient way to give and receive securities is by electronic transfer:
Share the following information with your broker for electronic transfer of stock via the DTC system:
DTC Number: 004 (Pershing, LLC)
Indiana Account: NM001764
Tax ID: 36-2167910
Account Name: The Salvation Army Illinois FBO Indiana
After the transfer is made, share the stock name and number of shares with Amanda Eck via the following contact information:
Email: [email protected]
Phone: 317-224-1026
Mail:
Attn: Amanda Eck
6060 Castleway West Dr.
Indianapolis, IN 46250