Gifts of Stock
Transferring stock to The Community Foundation is for many people the preferred way to make a gift. Gifts of appreciated securities often provide significant tax benefit. Contributions of appreciated stock held for more than a year are generally deductible at market value, regardless of what you paid for them. Accordingly, the capital gains tax is avoided. The Foundation recommends that you consult with your tax advisor regarding your specific tax situation.
To make a gift of stock:
Notify Nick Grimmer, Director of Giving Strategies, at (315) 731-3737 or email firstname.lastname@example.org that a gift is being transferred. Provide the donor name, number of shares, and the name of the stock or the stock code, as well as the gift designation.
Give your bank or broker the following instructions:
- DTC Participant # 0547
- Account # 1854-6383
- Robert W. Baird & Co. Inc.
- Account Name: The Community Foundation
- Name of Donor: ___________________
If your stock is in certificate form, special procedures and a stock power will be required. Please contact us and we will be happy to guide you through the process.
Please note The Community Foundation does not charge a fee for stock gift transactions; however, all stock gift donations are charged a commission and/or transaction fee by the brokerage firm. The fund receives the balance of the stock gift donation, net of the brokerage fees.
Cash Gifts, Credit Card Gifts and Pledges
We accept cash (in person only), checks, money orders and credit cards. Checks should be made payable to “The Community Foundation” and the fund you are giving to (if restricted) should be named in the memo. Feel free to send a note with your gift if you have any special instructions. Gifts with no fund designation will be added to our General Fund. At your request, gifts can be transferred directly from your bank to The Foundation’s account – please contact our Finance Department at (315) 735-8212 for instructions. The gift date is the day we receive it. At the end of the year, only gifts postmarked by Dec. 31 are considered a donation in that year.
Credit card gifts may be made by mail, by phone, or online. We do not save or store your credit card numbers in our database to reduce the risk of identity theft. All gift information is secure and protected. Charges are processed within one to two days. Online gifts are electronically acknowledged. Please note The Community Foundation does not charge a fee for credit card transactions; however, all credit card donations are charged a transaction fee by the credit card company. The fund receives the balance of the contribution, net of the processor fees. When making your donation by credit card, you may wish to take this into consideration by increasing your donation by 3.5% so that your gift provides the full benefit to the fund that you intend.
Pledges for future gifts are gratefully accepted but must be in writing and include your signature. They should state the name of the fund that will benefit and the anticipated payment dates. The Foundation can provide a Pledge Form and will send you payment reminders, if requested. A pledge can be for no longer than five years.
Non-Cash Complex Gifts
Based on the nature of your assets and your financial goals, more creative types of gifts may offer the benefits you seek. These include gifts of tangible property, such as artwork, jewelry, furniture or collections, gifts of real property, gifts of life insurance, business interests or retirement funds. Special policies and procedures apply to these gift types, but all are generally accepted by The Foundation. For more information, contact Nick Grimmer, Director of Giving Strategies, at (315) 731-3737 or email email@example.com.