Get the free A Gift of Stock Donor Intent Form - Lancaster General

Gift of Stock Donor Intent Form TO BE COMPLETED BY THE DONOR AND RETURNED TO: Heather A. Wilson, MSW, CARE Director of Major Gifts & Planned Giving Lancaster General Health Foundation 609 N. Cherry

How to fill out a gift of stock

How to Fill Out a Gift of Stock:

1. Obtain the necessary forms: Contact the organization or institution to which you wish to donate the stock and request the appropriate paperwork for transferring ownership. This typically includes a stock power form and a letter of instruction.
2. Gather relevant information: Collect all the required information, such as the donor's name, address, social security or tax identification number, and the details of the gifted stock (company name, number of shares, and stock certificate numbers).
3. Complete the stock power form: Fill out the stock power form accurately and legibly. Provide the required information, including the donor's name and signature, the recipient organization's name and account information, and the date of the transfer.
4. Include a letter of instruction: Prepare a letter of instruction that explains your intention to gift the stock and provides any special instructions, such as how the proceeds should be used or any restrictions on the stock transfer. Sign and date the letter.
5. Submit the necessary documents: Once you have completed the stock power form and the letter of instruction, send them along with the stock certificates to the recipient organization. It's advisable to use certified mail or a reputable courier service to ensure safe and trackable delivery.
6. Retain copies for your records: Make copies of all the documents you are submitting, including the stock power form, the letter of instruction, and any additional correspondence. Keep these copies in a secure location for your records and for tax purposes.

Who needs a gift of stock?

1. Individual donors: Individuals who wish to support a specific cause or organization and have stocks or securities they are willing to donate can benefit from making a gift of stock. This allows them to contribute to the organization's mission while potentially obtaining tax benefits.
2. Charities and nonprofit organizations: Charitable organizations greatly benefit from receiving gifts of stock as it provides them with a valuable asset that can be used to fund their programs and further their mission. By encouraging donations of stock, they can expand their funding sources and achieve their goals more effectively.
3. Educational institutions: Colleges, universities, and other educational institutions often rely on donations to support scholarships, research, and other initiatives. By accepting gifts of stock, these institutions can enhance their endowments and provide more opportunities for their students and faculty.
4. Religious organizations: Many religious organizations rely on the generosity of their members to sustain their operations and carry out their religious endeavors. Accepting gifts of stock allows these organizations to increase their resources and fulfill their missions more effectively.
5. Hospitals and medical research institutions: Healthcare organizations and medical research institutions heavily depend on donations to advance medical breakthroughs, improve patient care, and provide support for those in need. Gifts of stock can be a crucial source of funding for these institutions.

Overall, anyone interested in supporting a cause or organization while potentially enjoying tax benefits can consider making a gift of stock. It is essential to consult with a financial advisor or a tax professional to understand the specific regulations and advantages related to donating stocks.

For pdfFiller’s FAQs

What is a gift of stock?

A gift of stock is the transfer of shares of a company to another person as a gift.

Who is required to file a gift of stock?

The person giving the gift of stock is required to file.

How to fill out a gift of stock?

To fill out a gift of stock, one must provide information about the stock being gifted, the recipient, and any pertinent details about the transfer.

What is the purpose of a gift of stock?

The purpose of a gift of stock is to transfer ownership of shares to another person without the need for a sale.

What information must be reported on a gift of stock?

Information such as the value of the stock, the date of the gift, and the identity of the donor and recipient must be reported on a gift of stock.

How do I complete a gift of stock online?

pdfFiller has made it easy to fill out and sign a gift of stock. You can use the solution to change and move PDF content, add fields that can be filled in, and sign the document electronically. Start a free trial of pdfFiller, the best tool for editing and filling in documents.

How can I fill out a gift of stock on an iOS device?

Download and install the pdfFiller iOS app. Then, launch the app and log in or create an account to have access to all of the editing tools of the solution. Upload your a gift of stock from your device or cloud storage to open it, or input the document URL. After filling out all of the essential areas in the document and eSigning it (if necessary), you may save it or share it with others.

How do I fill out a gift of stock on an Android device?

Complete a gift of stock and other documents on your Android device with the pdfFiller app. The software allows you to modify information, eSign, annotate, and share files. You may view your papers from anywhere with an internet connection.