Contribute Appreciated Securities to LMH
One popular means of supporting Lima Memorial is with the contribution of appreciated stock, bonds or mutual funds. This is often the case when the equities have significantly appreciated in value and sale of these instruments would result in capital gains taxes to the contributor.
Instead of selling the equities, have them transferred to the Lima Memorial Foundation which will result in a charitable tax deduction for the contributor at the current value of the stock, not the amount of the original purchase. Contributors should consult their tax or legal advisor for specific information on the transfer.
The following are two methods of transferring securities depending upon:
- If the certificates are held by a broker or agent; or
- Whether the contributor holds the certificates.
Option 1 – Certificates Held by Brokerage or Agent
Transfer the securities electronically via Depository Trust Company (DTC) into the Foundation’s gift account.
Instruct your broker/agent to contact Lima Memorial Foundation for the account information.
Lima Memorial Foundation
David L. Sheets, Executive Director
Phone: 419-226-5073
Fax: 419-998-4516
dsheets@limamemorial.org
Option 2 – Physically Held Securities Registered in the Donor’s Name
Send a transmittal letter identifying the security, quantity and intended purpose of gift with the securities certificate to the Lima Memorial Foundation as indicated below:
Mail via registered mail to: Lima Memorial Foundation
Attn: David Sheets, Executive Director
1001 Bellefontaine Ave.
Lima, OH 45804
The security certificate should not be executed. Instead, complete a stock/bond power and mail under separate cover to the above address. The Power must be executed (signed) identically to the registered security.
Fill in “Lima Memorial Foundation” in the “sell/assign/transfer” section. Please do not fill in the “attorney to transfer” section.
Additional Information
For additional information about planning your gift to the Lima Memorial, please contact:
David L. Sheets, CFRE
Executive Director
Lima Memorial Foundation
1001 Bellefontaine Ave.
Lima, OH 45804
419-226-5073
dsheets@limamemorial.org
