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Without designation
your gift will be recorded as unrestricted for use as determined by the
Alabama 4-H Club Foundation, Inc., Board of Directors.
Gifts
of Securities
Common stocks,
bonds, mutual funds and other securities may be donated to the Alabama
4-H Club Foundation, Inc. Depending upon the circumstances, the Foundation
will either manage or liquidate the securities to achieve your goal. A
popular benefit of such a gift beyond the charitable income tax deduction
is the avoidance, in most cases, of capital gains tax on the appreciation.
It is almost always to your advantage to transfer appreciated securities
to the Foundation directly, rather than selling them and giving cash.
You, your broker or
bank’s trust officer should contact Dr. Beth A. Lawrence, Assistant
to the Director, Development, to determine the best method for the transfer
of your securities to the Foundation. Instructing the transfer agent to
reissue the stock in the Foundation's name often causes delay. This can
especially be a problem for year-end gifts, since the delay could result
in a different valuation of gift date than intended. For information about
gifts of stock in a closely held corporation, also contact the Foundation.
Gifts
of Property
You
may contribute real estate such as a residence, a vacation home, farm,
ranch, commercial property or land to the Foundation. In addition, certain
tangible personal property including artwork, books, equipment, furnishings,
automobiles,
inventories and other valuables may be donated.
More...Ways To Give
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