Gift of Stock

Gifts of appreciated securities (stocks) are a popular alternative to making a cash gift as they may offer you additional tax advantages. In addition to receiving an income tax deduction for the full market value of the securities, you may also avoid capital gains on the appreciation of your stocks. If your donated securities are used to fund a charitable trust or gift annuity there may be estate and gift tax advantages as well.

To make such a gift, do not sell the stock and donate the proceeds, as this will jeopardize your tax benefits. Instead, notify your broker and contact Becky Carlino in our Development Office at 440-717-1500 x1105 or becky.carlino@voaohin.org.

Please be prepared to provide the following information:

1. Donor name
2. Broker name and contact
3. Name of stock(s) to be transferred
4. Number of shares and/or approximate value
5. Approximate date of transfer

Provide the following information to your broker to complete the transfer:

Account information:

Northern Trust Company

DTC Number 2669
Account Name and Number: Park National Bank 17-88268
FBO Volunteers of America Ohio & Indiana, Account Number 5379

Financial Institution Contact Information:

Park National Bank
Attention Trust Department
50 North Third Street, PO Box 3500
Newark, OH 43055

Transfer Contact: Lois Barger
Phone: 740-349-3902
Fax: 740-349-3704
Email: Lbarger@parknational.com

Administrator: Charla Irvin
Phone: 419-525-8707
Fax: 419-525-3876
Email: Cirvin@richlandbank.com