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Gifts of
Securities
Gifts of securities
often confer significant tax benefits to a donor. For example,
contributions of appreciated securities held for over a year are
generally deductible at market value, regardless of what the donor
paid for the securities. In addition, the capital tax is avoided
through such a gift. In all cases consult with your accountant or
financial advisor about the tax benefits of your gift.
How to Notify the
Foundation of a Gift of Securities
When making a gift
of securities, please contact our Executive Director. It
is extremely important to provide complete information including your
name, address, and phone number, and the name and type of
securities to be gifted (public, private, restricted, mutual fund,
etc.), number of shares and the date you intend to make the gift. A
letter will be sent to you for your tax records. Your gift will be
credited to the General Fund unless you specify one or more of our
other funds. The
targeted funds where you can direct your gift are the Site
Preservation Fund, Education and Safety Fund, Hang
Gliding Competition Fund, Women’s HG Competition Fund, and the Paragliding
Competition Fund. Your name will be added to our donor list unless you
indicate you wish remain anonymous.
Connie Locke, Executive
Director
United States Hang
Gliding Foundation
PO Box 518
Dunlap, California 93621
Email:
Connie@ushgf.org
Tel: 888-262-4264
Fax: 559-338-2359
Types of
Transfers
Electronic
Transfer:
USHGF’s broker is Fidelity Investments, LLC. The transfer of
securities from a donor's brokerage account to the Foundation’s
Fidelity account is accomplished via the Depository Trust Company (DTC).
To initiate a transfer, notify your broker with the name and amount of
securities to be gifted and provide the following transfer
instructions:
DTC No. 0226
United States Hang
Gliding Foundation. Inc.
Account Number
Z44646440
United States Hang
Gliding Foundation. Inc.
EIN: 84-1132636
If your broker requires additional information, Fidelity
representatives may be contacted at 800-544-6666 or call our Executive
Director.
It is important to identify
all donors of securities gifts for prompt and accurate credit for all
gifts received. Please
contact the Foundation
(see notification information above) before making the gift.
Contact Stephen Onstad at
steve_onstad@ushgf.org or call 505-474-6419 for transfer of mutual
funds or physical shares of stock.
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