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 Red Cloud Indian School.
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
By electronic transfer - This is the easiest method to transfer stock or bonds from your brokerage or investment account to Red Cloud Indian School Here is the information that your broker or advisor will need to know:Our broker is: RBC Wealth Management of Omaha, Nebraska.
Our DTC Number is 0235.
General Fund account number is 314-98566.
Our EIN is 46-0275071
RBC Wealth Management
12910 Pierce Street Suite 300
Omaha NE 68144
Please ask your broker to email email@example.com when the transfer is made, the name of the stock and the number of shares as sometimes that information can get separated from the gift.
By certified mail - If you hold securities in certificate form, you will need to mail two envelopes separately to complete your gift. In the first envelope, place the unsigned stock certificate(s). In the other envelope, include a signed stock power for each certificate. You may obtain this power from your broker or bank. Please remember to use certified mail and mail to Red Cloud Indian School, Advancement Office, 100 Mission Dr., Pine Ridge, SD 57770.
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.
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.