Gifts of Stock

Gifts of securities may offer you significant tax benefits. Contributions of appreciated securities held for more than one year are generally tax-deductible at market value, regardless of what you paid for the securities. This may provide you with capital gains savings, as well as a charitable income tax deduction. It is important to transfer the stock to the McLaren Greater Lansing Foundation to take advantage of the tax incentives associated with making this type of gift.

The transfer of securities from your brokerage account to McLaren Greater Lansing Foundation is accomplished via the Depository Trust Company (DTC). Executing a gift of stock is simple. Notify your broker of the securities to be gifted and provide the following information.

McLaren Greater Lansing Foundation is a recognized 501 (c) 3 non-profit organization, EIN # 38-2463637.

Please instruct your broker to provide the transfer details below prior to the delivery of the stock, to the following:

Rick.buxton@mclaren.org

treasury@mclaren.org

shelly.houston@mclaren.org

 

  1. Stock CUSIP:                                      _____________

  2. Number Shares:                               _____________

  3. Delivery date:                                   _____________

  4. Broker Number:                               _____________

  5. Beneficiary of the donation:         McLaren Greater Lansing Foundation

 

Delivery Instructions for JP Morgan as Custodian for MHCC

ABA# : 021000021

AGENT BK : 00025787

DTCID : 00000902

DTCINSTID : 00000000

FEDACCT : CUST

FFC ACCT #: P 88433

FFC ACCT NAME: MHCC LTP CASH ACCOUNT

Contact your financial advisor with specific questions about your tax situation. If you have any questions, please call the Foundation office at (517) 975-7100.