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
Ken Kurz, Executive Director
Phone: 419-226-5073
Fax: 419-998-4516
kkurz@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: Ken Kurz, 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:
Ken Kurz, Executive Director
Lima Memorial Foundation
1001 Bellefontaine Ave.
Lima, OH 45804
419-226-5073
kkurz@limamemorial.org