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If you have held a stock for more than one year and that stock hasincreased in value, there are great advantages to giving that stock tothe DuPage Community Foundation.
- You receive a charitable tax deduction equal to the current value of the stock.
- You avoid paying capital gains tax on the stock's gain in value.
- The DuPage community benefits from your generous gift and you
benefit tax-wise and are recognized as one who is leaving a legacy for
the future.
There are two simple ways to make a stock gift to the DuPage Community Foundation.
- If the stock is held in a bank or brokerage account, you should
instruct your broker or bank to contact The DuPage Community
Foundation. The Foundation will instruct your broker or banker to
either sell the stock on behalf of the Foundation or transfer the stock
to the Foundation's Trust Account at your custodian bank.
- If you hold the stock certificates, you can mail the unsigned stock
certificates directly to the Foundation. In a separate envelope to the
Foundation, you should mail a signed stock power.
If you wish to make a stock gift, or to inquire about thepossibililty of a stock gift, please contact Dave McGowan, president,at (630) 665-5556.
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