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Transferring Gifts of Stock & Mutual Funds

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.

StocksThe 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 Huntington National Bank, 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.

For mutual fund gifts, our process with Huntington Bank requires the donor to obtain a Mutual Fund Trading Ticket directly from our custodian bank, rather than initiating a transfer by the Depository Trust Corporation (DTC) wire transfer system.

It's easy to transfer investments to any fund at Akron Community Foundation. Please download our stock transfer instructions to obtain the current contact information for our custodian bank. 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.