A New Way to Give this Holiday Season
Support Communities In Schools of Brunswick County and save on capital gains taxes. CIS is pleased to announce we are offering supporters another way to make a lasting impact. We are now accepting stock donations.
Donating appreciated securities – such as stock or mutual funds – to CIS of Brunswick County is a tax-wise approach to strengthen Communities In Schools’ ability to amplify the power of each child’s potential by connecting them to caring adults to help them succeed.
The gift of an asset, often common stock or mutual fund shares, is a valuable way to contribute to a charitable organization. Tax benefits can be realized such as avoiding federal and state income tax on capital gains, getting an income tax deduction (federal and most states) for the full market value of the gift (if itemized deductions on tax returns and have held the assets one year or longer), and making a larger gift at a lower cost to you.
To Initiate the Stock Transfer please download the following forms:
Charitable Donations & Gifts to Qualified Organizations – https://cisbrunswick.org/wp-content/uploads/2019/12/Charitable-Donations-Gifts-to-Qualified-Organizations.pdf
Delivery Instruction – Regular Accounts and Custodial Retirement Plans – https://cisbrunswick.org/wp-content/uploads/2019/12/Qualified-Charitable-Distribution-QCD.pdf
Qualified Charitable Distribution (QCD) –https://cisbrunswick.org/wp-content/uploads/2019/12/Delivery-Instruction-Regular-Accounts-and-Custodial-Retirement-Plans.pdf
Securities can be gifted to CIS of Brunswick County in two ways: Via electronic transfer (in which your broker transfers shares using the Communities In Schools DTC number) or by physically mailing the paper certificates to CIS. Either method is acceptable, but necessary for you to contact your broker to initiate the transfer.
Send securities to Communities In Schools of Brunswick County electronically:
Ask your broker to initiate the donation through Edward Jones, Inc.
Edward Jones, Inc.
DTC Number: 0057
ACCT Name: Communities In Schools Tax ID# 56-1921263
ACCT Number: 2711716817
Send by registered mail:
Mail your unendorsed certificate(s) with a Stock Power Form by registered mail, to:
Communities In Schools of Brunswick County
PO Box 10087
Southport, NC 28461
For additional questions or more information, please email Joann Shanley, CIS Resource Development Director at jshanley@cisbrunswick.org
