Making a gift of appreciated securities can be a prudent way of contributing to Adventure Cycling.
Giving stock that has been held longer than one year allows you to avoid paying any capital-gains tax that would otherwise be due. In addition, you can claim a charitable income-tax deduction for the fair market value of the stock on the date on which it was transferred, not just for what it was worth when you acquired it.
The best way to give stock, bonds, or mutual funds to Adventure Cycling is to have your broker transfer your securities to Adventure Cycling's account at First Interstate Wealth Management. To do this, you will need to know that Adventure Cycling's Depository Trust Company (DTC) number is 0701, and its account number is 2sn00389. Call First Interstate Investment Services at (406)-523-4201 and ask for Adventure Cycling Association's representative, Molly Nichols.
Please let us know in advance if you are transmitting securities via DTC. Call Sheila Snyder, Chief Financial Officer at (800) 755-2453 ext. 212 or send an email to firstname.lastname@example.org.
If you hold stocks or bonds in certified form, you may send the certificates by certified mail (with return receipt requested, if you would like to receive proof of its delivery) to (do not endorse the certificate):
Adventure Cycling Association
Attn: Sheila Snyder
150 E. Pine Street
Missoula, MT 59802
In a separate envelope that can be mailed with regular postage, send us one stock power for each stock certificate. Adventure Cycling can provide a stock power (please call Sheila Snyder at (800) 755-2453 ext. 212 to request this), or your broker can provide one for you. Please sign the stock power as your name is listed on the stock certificate. Please include a dated letter that describes the stock and contains your signature as it appears on the stock power and stock certificate. Upon receipt, your stock gift will be recorded and the certificate sent to our broker for immediate disposition.
The best way to make a gift of mutual funds that are held by the fund company is to write to the fund with instructions to establish a new account to transfer the shares to Adventure Cycling Association, Attn: Sheila Snyder, 150 E. Pine Street, Missoula, MT 59802. Adventure Cycling's federal tax identification number (FEIN) is 23-7427629, and your letter should be signature-guaranteed by your broker or banker. Send your letter by certified mail, and please send a copy to Sheila at the above address. If you have questions about any options related to gifts of stocks, please call Sheila at (800) 755-2453 ext. 212.
Please note: Mutual fund companies have a toll-free number for shareholder questions. You may want to call your fund company to confirm the transfer procedure before mailing your letter of instructions.