Transferring securities held long term to the Ashbrook Center allows you to make a gift and receive a charitable deduction equal to the full, fair market value of the securities. If you have held your securities for more than one year, you may find that your gift will provide a two-fold tax benefit, creating an income tax deduction as well as eliminating the capital-gains tax liability that would have been due on their sale.
In order for the Ashbrook Center to acknowledge your gift and provide you with an IRS receipt, please contact Sally Schramm at (419) 289-5428 or [email protected] and let her know that you would like to make a gift of stock.
Then, to transfer these assets to the Ashbrook Center, please contact your broker and electronically transfer the stock from your account to the Ashbrook Center’s account. Your broker will need the following information to expedite the stock or mutual fund gift:
Irving Eisel Investments Inc. DTC # 0443
Contact Person: Nancy Grimwood (419) 289-6222
Account # 5CV462544
Federal Tax ID #34-0714626
We suggest that you avoid selling the assets and then making a gift of the proceeds, as this will trigger a capital gains liability for you.