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Transferring Gifts of Stock

Your gift of publicly traded securities, like stocks and bonds, can net you big gains when you establish or add to a charitable fund at the community foundation. And, we make the transaction easy.

Stocks 

The charitable income tax deduction you receive is based on the current market value of the securities – the average of the high and low – on the date we irrevocably receive the shares. 

We have developed a very efficient and timely transfer process with FirstMerit, our custodian bank. We have the ability to value and acknowledge stock contributions under IRS guidelines, usually within 24 hours of receiving the shares. We also have longstanding relationships with most local trust banks and wealth managers.

It's easy to transfer investments to any fund at Akron Community Foundation. Download our stock transfer instructions, or contact Steve Schloenbach, vice president and chief financial officer, for personal assistance. We will need to know your name, the issue being transferred (company name), the number of shares being transferred, and the name of the charitable fund the contribution will benefit or establish. 

Investments

Akron Community Foundation has one primary goal when it comes to investing: maximizing your philanthropy, both today and for years to come.

Investment guidelines

We take great care to invest your funds wisely, transparently and prudently so they will grow over time and be available for grantmaking next year or next decade. Our investment strategy aims for superior long-term returns with minimal risk, and we’re committed to maintaining a diverse, balanced portfolio managed by trusted advisors.

Read our investment policy.

Investment managers

We invest your money with managers that have a proven history of excellent results. Our independent investment consultant helps us identify managers with outstanding track records and evaluates them on a regular basis to ensure they are adhering to our investment policy. For more information about our current investment managers and asset allocation, contact Steve Schloenbach, vice president and chief financial officer.

Using your own counselors

Like many of our fundholders, you may have a longstanding relationship with a trusted investment manager. We value that relationship and can work with you to allow your advisor to continue managing your charitable assets at the community foundation. Learn more about our outside investment manager policy or contact Steve Schloenbach for more information. 

Socially responsible investing

If you, like many of our donors, are concerned about making socially responsible investments, we can help. Our socially responsible investing asset pool at Fifth Third Bank allows you to screen for investments in tobacco, gambling and other industries. To learn more, review our screening options.

Fees

Akron Community Foundation assesses fees of less than 2 percent to cover administrative and investment costs. These fees allow us to provide our fundholders with unparalleled service and fund management, including grantmaking due diligence, tax filings, fund accounting, communications and gift processing. Learn more about our fees and expenses