Stocks & Securities
You invest. A child profits. It’s that simple. By making a donation in the form of stocks, bonds, mutual funds, or other appreciable securities, you are making an investment in the future of the children in your community.
As a donor, you are entitled to take a charitable deduction for the full fair-market value of appreciated securities held longer than one year, and you usually avoid paying capital gains tax that would be due if you sold the securities.
Donating Stock or Bonds Held By a Bank or Broker
If you would like to donate stocks or bonds that are currently held at a bank or in a brokerage account you can easily transfer them to our account. To set this up please contact our Financial Advisor, Andy Cooper, at 715-833-3986. Feel free to contact Big Brothers Big Sisters at 800-648-1696 for more information.
Donating Stock Certificates You Hold
Send the unsigned certificates by certified mail to the attention of Development Director, Big Brothers Big Sisters of Northwestern Wisconsin, 424 Galloway Street, Eau Claire, WI 54703. Copy and send one blank stock Power of Attorney for each company whose stock you are transferring. Only the signature line should be filled in, with the signature(s) matching the name(s) that appear on the face of the certificates. Include both names if the stock is jointly owned. The Power of Attorney must be notarized.
Send the certificates and stock powers in separate envelopes. Send the signed stock power in one and the stock certificate(s) in the other with a letter (also signed by the owner(s) of the stock) stating that the stock is being donated to Big Brothers Big Sisters of Northwestern Wisconsin.
Effective Date & the Value of Your Gift
Your gift of stock or publicly traded securities will be valued based on the mean market price of the securities on the gift date. We will provide you with a receipt for your tax records. Big Brothers Big Sisters of Northwestern Wisconsin determines your gift date according to the following guidelines:
By mail – it is the later of the postmark dates of your separately mailed stock certificates and stock powers.
By electronic transfer – it is the date that the securities enter Big Brothers Big Sisters’ account.
By hand – it is the date that a Big Brothers Big Sisters employee receives the stock certificates and stock powers of attorney.
By reregistering – if you reregister the securities in the Big Brothers Big Sisters name yourself, it is the date on the new certificates. This method takes the longest.
If you have questions or need more information, contact our Development & Marketing Director at 800-648-1696.
* Please consult your financial advisor regarding donations of stocks and securities.