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How to Donate Stocks

SIOP Foundation partners with Greater Toledo Community Foundation. This partnership allows the foundation to pool its resources for investment purposes and yet still retain control of the distribution of funds.

Ways to donate stocks and securities

Greater Toledo Community Foundation (GTFC) is a 501(c)(3), your gift may qualify as a charitable deduction for tax purposes. GTFC will send you a receipt for your records.

Securities

To donate securities to a fund with GTCF, please contact your Philanthropic Services Officer (details below). If you wish to make a gift of restricted (Rule 144), closely-held, or other non-publicly traded securities, please contact the foundation (siopfoundation@siop.org) to obtain additional instructions.

Securities Held in a Brokerage Account

Securities held by a broker can be delivered by Greater Toledo Community Foundation. Please reach out to your Philanthropic Services Officer (details below) for specific instructions.

Use the following information to transfer the stock:
It is critical that your broker or financial institution include your name (that is, the name of the person transferring the securities) with the transfer instructions. Your Philanthropic Services Officer will be able to provide the transfer instructions. When transferring securities to the Foundation, please let us know so that our broker can accept the securities, and acknowledge your gift properly.

The Foundation also maintains accounts at a number of brokerage firms which can be used to transfer securities gifts directly to the Foundation. Please contact us for more information about a specific brokerage.

All securities gift proceeds will be net of any applicable commissions or fees.

Securities Registered in Your Name

Please send a signed stock power and letter of authorization. Please sign your name(s) exactly as it/they appear on the face of the certificate, and complete a separate stock power for each certificate. Please only complete the blanks where indicated. Stock powers and letters of authorization can also be obtained from the Foundation offices. Please contact Abby or Taylor at the contact information below to learn more.

If you are sending a stock gift by mail, we strongly encourage you to send the certificate(s) under separate cover from the stock power and letter of authorization. In all cases, we recommend you not sign the back of the certificate(s) for safety's sake.

Mail to:
Greater Toledo Community Foundation
300 Madison Ave., Suite 1300
Toledo, OH 43604

Mutual Funds

Many mutual funds can be transferred to the Foundation's brokerage account. Please call us at 419.241.5049 to determine if the fund is eligible, then forward a completed Mutual Fund Transfer Request Form from your mutual fund provider to the Foundation.

Alternatively, you can contact the mutual fund provider and request their own charitable gift or transfer request form. At a minimum, you will need to provide them with the recipient's name (Greater Toledo Community Foundation) and their tax ID number; 23-7284004.

Liquidation: It is the policy of Greater Toledo Community Foundation to liquidate all gifted securities as soon as possible at the current market price. Unless legally restricted from doing so, securities will normally be sold the same business day they are received. If transferring a securities gift via another brokerage, please let us know as soon as possible so we can give them the order to sell immediately.

Year-End Gifts: Please note that, to qualify as a tax deduction in a given year, your mailed stock certificate(s) and properly executed stock power and letter of authorization must be postmarked or hand-delivered by December 31 of that year. The Foundation will acknowledge the gift date of transferred securities as the date on which the securities are credited to an account in the Foundation's name.

Philanthropic Services Officers

Greater Toledo Community Foundation Philanthropic Services Team:
Abby Aldrich, Executive Vice President of Operations and Special Projects
abby.aldrich@toledocf.org
(PH) 419.241.5049
Taylor Greenwood, Philanthropic Services Officer
Taylor.Greenwood@toledocf.org
(PH) 419.241.5049