Gifts of Stock and Securities
Some donors find it advantageous to contribute stock or securities rather than cash. Contributing stock that has appreciated in value lowers the cost of your gift. In addition to receiving an income tax deduction, you avoid any capital gains tax on the appreciated asset.
The easiest way to contribute stock or securities is an electronic transfer through your broker. You will need to instruct your broker in writing with account information from ChicagoCAC. For more information, contact Trevor Peterson: 312-492-3728 or TPeterson@ChicagoCAC.org.
If you have stock certificates, fill out the information on the back of the certificate and send via a secure, trackable method to:
Chicago Children’s Advocacy Center
ATTN: Trevor Peterson
1240 S. Damen Ave.
Chicago, IL 60608
The value of a gift of stock is based upon the mean between the high and low prices for the stock on the day of the transfer.