Thursday, 20 September 2018

TransferStockBanner

Print a PDF of this information..

To donate stock, please follow the instructions below. You should also contact your stock broker, tax advisor, or financial consultant for more details about making your donation in the form of stock.

STEP 1
Complete the Campaign Gift Form, Indicate the approximate stock cash value as your "One Time Gift" and checkmark “Securities” as your giving method. This form can be mailed to The Arc of Schuyler or emailed to Director of Community Relations, Holly Baker at This email address is being protected from spambots. You need JavaScript enabled to view it..

STEP 2
Send a letter to your broker or financial consultant authorizing the TRANSFER of stock as a charitable contribution to The Arc of Schuyler. Please include the following details in your letter:

  • Expected date of transfer of stock - You may select the date of transfer to best suit your requirements. Please consult your tax or financial advisor to maximize the potential tax benefit information.
  • Number of shares
  • Name of stock
  • Your mailing address
  • Daytime phone number

A sample letter is provided below  for your use.

TRANSFER INFORMATION

Below is information for The Arc of Schuyler's receiving account:
Depository Trust Company (DTC): Participant #901
Account:  #058651
Account Name:  Chemung Canal Trust Company
For the Benefit of (FBO):  The Arc of Schuyler Custody Account
Account (A/C) #1056000653

For more information please contact: Holly Baker, Director of Community Relations.

STEP 3
For acknowledgment and tax purposes, The Arc of Schuyler must receive a copy of your letter. We will provide you the appropriate documentation for tax purposes after we have received your letter. Please email a copy to This email address is being protected from spambots. You need JavaScript enabled to view it. or fax it to our confidential like at 607.535.4153. Or you can mail the copy to:

Holly Baker, Director of Community Relations
The Arc of Schuyler
203 12th St.
Watkins Glen, NY 14891

Sample Stock Donation Letter from Donor to Stock Broker

[Donor Name]
[Address]
[City, ST Zip]
[Daytime Phone]
[Email Address]

[Today’s Date]

[Broker Name]
[Mailing Address]
[City, ST Zip]

Dear [Broker Contact Name]:

I would like to make a charitable donation to The Arc of Schuyler. Please complete this transaction before/on [insert date].

I would like to donate [insert # of shares] shares of common stock in [insert company name]. The current value per share is $[insert average price as of today’s date]. The approximate total value of my donation is [insert dollar amount {average price value X # of shares}].

The transfer information from The Arc of Schuyler is as follows:

Depository Trust Company (DTC) Participant #901
Account:  #058651
Account Name:  Chemung Canal Trust Company
For the Benefit of (FBO):  The Arc of Schuyler Custody Account
Account (A/C): #1056000653

If any additional information is needed from The Arc of Schuyler to process this donation request, please contact Executive Director, Jeannette Frank at 607.535.6934, ext. 141.

Thank you for your help.

Sincerely,

[Name]


cc: The Arc of Schuyler
      203 12th Street
      Watkins Glen, NY 14891