Stock/Securities Gift Procedures
Once a client has decided to make a gift of stock other securities to the Heritage Fund, please contact Heritage Fund staff at 812.376.7772 and we will assist you with this process. The proper handling of each gift is important to the donor and to the Heritage Fund.
Melanie B. Foltz or Lisa Shafran
Heritage Fund – the Community Foundation of Bartholomew County
538 Franklin Street
Columbus, Indiana 47201
812-376-7772 – Direct
Heritage Fund has brokerage accounts at three institutions. Contact names and phones numbers are listed below. Contact Heritage Fund Development staff for brokerage account numbers:
Edward Jones
Ken Free – 812-378-0022
DTC Clearing 0057
FBO: The Heritage Fund of Bartholomew Co. Inc.
Hilliard Lyons
Scott DeDomenic – 812-372-7892
DTC Clearing 0768
FBO: The Heritage Fund of Bartholomew Co. Inc.
Linsco/Private Ledger (Irwin Union)
Patrick Crimmins 812-376-1962
DTC Clearing 0075
FBO: The Heritage Fund of Bartholomew Co. Inc.
Stock in Donor Brokerage Account
If the shares of stock are in a brokerage account at one of the listed institutions, notify them, and have the donor sign a Gift Letter authorizing the desired shares to be transferred to the Heritage Fund of Bartholomew County, Inc. account. If the shares are at another brokerage firm not listed, please notify the account representative to transfer the shares to the Heritage Fund account.
Stock certificate( physical form) in Donor name
Heritage Fund staff can assist you and the donor by contacting a broker. The donor will need to sign a gift letter and stock power exactly as the stock certificate reads (donor does not sign back of certificate). If donor is delivering a stock certificate that has more shares than the gift, a new certificate will be reissued back to the donor for the remaining shares they wish to keep. There may be a fee for having the certificate reissued.
Other Securities
Mutual fund shares, government securities, and tradable precious metals are a few of the other types of securities that may be gifted. The proper handling of the gift is important to the Heritage Fund and to the donor. The IRS requires special documentation and proper execution of the gift to quality for a tax deduction. If you have questions, Heritage Fund staff or financial advisors can assist you.