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Gifts of Stocks and Bonds

Donating appreciated securities, including stocks or bonds, is an easy and tax-effective way for you to make a gift to Tanager or the Tanager Place Endowment Foundation.

Flowchart: Donor makes a gift of stocks or bonds to Tanager Place.

Benefits of gifts of stocks and bonds

  • Avoid paying capital gains tax on the sale of appreciated stock
  • Receive a charitable income tax deduction
  • Further our mission today

How to make a gift of stocks and bonds

FOR OUR DONOR:

Thank you for your interest in contributing a gift of stock to Tanager! Please provide (or have your financial advisor provide) the following information to Melissa Walker, [email protected], as soon as possible to facilitate your transfer of stock:

  1. Your name and contact information, so Tanager can acknowledge your gift.
  2. Name or ticker symbol of stock or mutual fund and number of shares gifted.
  3. Expected date the stock or mutual fund transfer will be completed.
  4. Last four digits of the account number and name of the firm delivering the stock gift.

FOR THE FINANCIAL ADVISOR:

Thank you for your assistance in transferring the above gift to Tanager. The information below is provided in order for you to complete the stock transfer. Again, we thank you!

DEPOSITORY TRUST COMPANY (DTC) for DTC Eligible securities

  • Agent Bank Name: The Northern Trust Company
  • Agent Bank Participant DTC Number: 2669
  • Agent Bank Number: 20290
  • Institutional Number at DTC: 26725
  • Our Custodian Account Number: 44-17754
  • Our Account Name at Northern FSTC Quad City

FEDERAL RESERVE BANK (FED) for FED book entry

  • NORTHERN CHGO/03
  • Or NORTHERN/TRUST
  • ABA #071000152
  • Northern Account# 44-17754

WIRE TRANSFERS

  • Bank Name: QUAD CITY BANK & TRUST COMPANY
  • ABA Number 073902232
  • Account Name: TRUST DEPARTMENT
  • Account Number: 8527749
  • FFC: 00C607 / Tanager Capital Campaign

MUTAL FUNDS

  • Contact Michele Heiken at (319) 743-7035 for gifts of mutual fund units.
    **If necessary, please allow 48-72 Hours for a new Mutual Fund Asset to be established.

More on gifts of stocks and bonds

There are special rules for valuing a gift of stock. The value of a charitable gift of stock is determined by taking the mean between the high and low stock price on the date of the gift. Mutual fund shares are valued using the closing price for the fund on the date of the gift.

Contact us

If you have any questions about gifts of stocks and bonds, please contact us. We would be happy to assist you and answer any questions that you have.

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