Your broker can assist you in making a gift of stock via a direct transfer to The Chicagoland Area Affiliate of Susan G. Komen. Giving a gift of publicly traded stock that has increased in value and that you have owned for more than one year may provide greater tax benefits than giving cash. Your charitable income tax deduction is equal to the fair market value of the stock and you avoid paying the capital gains tax on any increase in the current value over the original cost of the stock. You may also save by not incurring brokerage fees because you are transferring ownership rather than selling the stock.
If you would like to Invest in the Cure by donating stock, please note the following:
Brokerage House: 5th/3rd Brokerage Operations
Account Name: The Chicagoland Area Affiliate of Susan G. Komen for the Cure
Account Number: 069-136751
DTC Number: 0226
Financial Advisor: Joe Pellegrino
Direct Line: 312-704-6146
Please inform our Finance Manager, Julie Jacobson, of stock transfers so that we can properly acknowledge your gift and forward information regarding your tax deduction.
Phone: 773-444-0061 x 104