We now accept appreciated stock as a gift.
If you are planning to make a contribution to the Kids First Fund,
you might consider donating appreciated stock from your investment
portfolio instead of cash. Your tax benefits from the donation can be
increased and the Kids First Fund now has the ability to receive donated stock.
Donating appreciated stocks that have been held for more than one year
can be a wise philanthropic decision. This gift enables you to 1) make a significant
gift to the Kids First Fund, 2) receive a charitable donation deduction
on your income taxes, and 3) bypass capital gains taxes. To receive the
full benefit when donating appreciated stock, it’s vital you donate the stock
itself. Do not sell it first and donate the cash proceeds.
There are special limitations that apply to this method of making charitable
contributions. Prior to making any contribution, check with your tax
professional. At the very least, read IRS Publication 526 for additional information
on the contribution limitations. If you get the green light — please
refer to the following information to donate stock held by a broker:
1. Contact your broker about making a gift of stock
to the Kids First Fund, Inc.
2. Choose the long-term appreciated stock and determine
the number of shares to be transferred. The easiest and
quickest way to complete a gift of stock held by a broker
is through a “back office electronic transfer.” Provide the
following information to your broker:
Account Name: Kids First Fund, Inc.
Account Number: 784-274-109
DTC: 0188 (Ameritrade routing code)
3. Contact the Kids First Fund at 414-961-1939 and inform
us of the gift to ensure proper acknowledgement.