Gifts of stock
You can give Children’s Minnesota a gift of securities (including stocks) or mutual funds that have appreciated in value. Gifts of publicly traded securities provide a double tax benefit. You avoid a capital gains tax on appreciated securities, and you receive a charitable income tax deduction for the full fair market value of the securities.
According to IRS Guidelines, the date and value of your gift are determined by the date on which Children’s Minnesota Foundation takes control of the securities.
How to donate stock
Step 1: Provide your broker with the following information to start the transfer process
Legal name:
Children’s Health Care Foundation
Attn: Treasury – Sue Slocum
2525 Chicago Avenue South
Minneapolis, MN 55404
Non-profit status: IRC 501(c)(3) organization
IRS Identification (EIN) #: 41-1814223
Children’s Health Care Foundation’s designated broker account is:
UBS Financial Services # RP 06828
DTC 0221
Kenefick, Bolstad Wealth Management
Asst Sherri Tuttle, 952-475-9470
681 E. Lake Street, Suite 354
Wayzata, MN 55391-1714
Step 2: Contact Children’s Minnesota Foundation to notify us of your gift
Contact information:
Dan Lantz
Manager of Foundation IS and Gift Administration
Children’s Minnesota Foundation
5901 Lincoln Drive
Edina, MN 55436
Phone: 952-992-5525
Fax: 952-882-6902
Please provide the following information:
- Name
- Address
- Stock name
- Approximate amount
- Purpose of gift