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:
Stock CUSIP: _____________
Number Shares: _____________
Delivery date: _____________
Broker Number: _____________
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.