Support Partners in Education and save on capital gains taxes.

 

Making a gift to Partners in Education in the form of appreciated stock or mutual funds allows you to have an immediate impact on our education work in the Toledo, OH region, while also possibly paying less in income taxes.

And it’s easy —

Step One: Donate Stock or Mutual Funds

By calling your broker and providing him or her with the following information

Name of Account: Partners in Education
Name of Our Broker: Fifth Third Securities
DTC Number: 0226
Account: 018137138
Tax ID:
34-1772429

As always, we recommend that you consult a tax professional with any specific questions.

Step Two: Notify Partners in Education

When your stock or mutual funds are transferred to our account, we do not receive any information that identifies you as the donor.

We wish to ensure all gifts are properly received and acknowledged, so please email our finance department at [email protected] or call Dionisia Vasquez at 419-242-2122 either before or after donating securities and provide the following information about the gift:

  • Name of the stock
  • Number of shares
  • Your name and address

 

Here is more information on how gifting stock is a valuable way to make a contribution to a charitable organization and receive tax benefits based on the value of the asset(s).

For example, suppose Tom and Carol had 300 shares of Kinder Morgan, Inc. that they had purchased at $10 a share some years ago. The current value in today’s market is $22 a share. If they sold the stock in the market, they would have a taxable, long-term capital gains on the difference between their cost and what they would receive from the sale ($22 minus $10 = $12 capital gains per share; 300 shares X $12 = $3,600 in capital gains).

They could sell the stock, pay the tax on the capital gains, and either keep or donate the proceeds. If, instead of selling their shares,Tom and Carol gave the 300 shares to their charity, they would not incur any capital gains and would be able to deduct the current value (300 shares X $22= $6,600) as a charitable gift. By donating the stock, the charity receives more than it would receive if they first sold the stock and then donated the proceeds after deducting the capital gains taxes. Also, Tom and Carol receive a greater tax deduction by giving the stock directly to the charity and avoiding the capital gains tax.