Gift of Securities
You can make a gift of appreciated securities—publicly traded stocks, bonds, and mutual fund shares—to ORF while avoiding capital gains tax and/or securing a stream of income. It’s easy, and it makes an impact!
How It Works
- You transfer securities to ORF.
- ORF sells the securities and uses the proceeds to fund essential ORF programs.
How You Benefit
- You receive credit and an immediate income tax deduction for the fair market value (average high and low prices on the day of the transfer).
- You completely avoid capital gains tax. Note: To garner the greatest tax savings, the stock contributed must have been held by you for more than 12 months.
Stocks
Please let us know the stock is coming by contacting Rich Cogen at 513-460-3365 or rcogen@ohioriverfdn.org with the name of the stock (including symbol), number of shares that will be transferred, and broker that will transfer them. We need this information to credit you properly and issue the receipt you will need for tax purposes.
Contact your broker to initiate the stock transfer. Have the broker contact Rich Cogen at 513- 460-3365 or rcogen@ohioriverfdn.org for the ORF brokerage account information.
Mutual Funds
Before giving mutual funds, please contact Rich Cogen at rcogen@ohioriverfdn.org or 513-460-3365 with the fund name and ticker symbol. We will then provide you with instructions for transfer.
