Donating Stocks & Securities
Donating stock that has
appreciated in value may be a
tax-wise way for you to support the
American Red Cross of Greater
Columbus. First, you receive a tax
deduction for the full market value
of the securities as long as you
have owned them for at least one
year. Second, you avoid the capital
gains taxes that you would owe if
you sold these securities.
STOCK GIFTING PROCEDURE
For Stock Held in a
Brokerage/Custodial Account
Tell your broker you would like to
donate stock and decide which shares
to sell. Your broker will then
arrange for an electronic transfer.
You will need to provide your broker
with the following information about
the American Red Cross of Greater
Columbus’ account:
Smith Barney Citigroup
Contact: Mary Ko
Phone: (614) 798-3217
Account Name: American Red Cross
of Columbus
Account Number:
229-01864-1-6-175
DTC Number: 0418
For Stock in Donor’s Name in
Paper Certificate Form
Please contact the Financial
Development office at (614) 253-2740
ext. 2427 and we will work with you
directly to guide you through the
process.
Notification of Donor Intent
Regardless of the method chosen to
deliver a gift of stock, the donor
or the transferring broker must
provide the following information to
the American Red Cross of Greater
Columbus to ensure that you receive
the appropriate acknowledgement for
your tax filings and recognition for
your generosity.
- Your name and complete
address
- The company name and number
of shares of securities being
transferred
- Date of the transfer
- The designation, if any, of
your gift
Contact Us
American Red Cross of Greater
Columbus
Attn: Financial Development
995 East Broad Street
Columbus, Ohio 43205
Phone: 614-253-2740 ext. 2427
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