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1501 Mendocino Ave.
Santa Rosa, CA 95401-4395
Stocks & Bonds
An easy and tax-wise way to make a gift to the SRJC Foundation is to donate appreciated securities. In most cases, the out-of-pocket cost of your gift is reduced substantially due to the tax benefits you realize when you contribute appreciated securities. First, you are entitled to an income tax charitable deduction for the full fair market value if they have been held for at least one year (or for your cost basis if they have been held for less than one year). Second, you pay no capital gains tax on the transfer.
Before initiating a gift of securities, please contact the Foundation (707) 527-4348 or email@example.com, so that the Foundation's broker may be notified to accept the securities.
Publicly-traded securities, shares of stock in closely held companies, bonds, and government issues may be given to the Santa Rosa Junior College Foundation for Santa Rosa Junior College. It is critical that title to gifts of securities be transferred to the SRJC Foundation, not SRJC. Gifts of securities may be made by sending the certificate and an executed stock power for each separate issue of stock or bond to the SRJC Foundation.
Publicly-Traded Securities: These are securities regularly traded on a public stock exchange. The value of the gift will be the mean of the highest and lowest selling prices quoted for the stock on the day of the gift, as defined below.
Closely-Held Securities: These are shares of stock in the entities that have been organized for profit-making purposes, and are rarely traded on stock exchanges. Donors may give shares of closely-held corporate securities to SRJC in the name of the SRJC Foundation in the same manner as publicly-traded securities. However, because closely-held stock is not publicly-traded, these securities present special concerns. (Normally the Foundation will not, formally or informally, enter into any redemption agreement with the donors.) Gifts of closely-held securities may only be accepted by the Executive Director for the SRJC Foundation after review by the Investment Committee. An independent qualified appraisal is required for gifts of closely-held stock exceeding $10,000.
METHODS OF DELIVERY
Securities can also be transferred to the SRJC Foundation through a direct wire transfer. Information on wire transfers is available online or by contacting the SRJC Foundation (707) 527-4348.
If securities are hand-delivered to the SRJC Foundation, the value of the gift will be the mean of its fair market value on the date of delivery. Donors should endorse stock certificates only upon delivery to the SRJC Foundation.
After receiving information provided by the Foundation, the donor may also mail or deliver stocks to the investment house where accounts have been established by the SRJC Foundation.
If securities are mailed to the SRJC Foundation, the value of the gift will be its fair market value on the date the securities were mailed. Donors should obtain a stock power from their banker or broker, signing their name exactly as it appears on the certificates, and have their signature guaranteed by their banker or broker. The stock power and a letter of instruction should be mailed to the SRJC Foundation under separate cover from the stock certificate(s). The SRJC Foundation should be designated on the stock certificate(s), stock power, or related instruments of transfer. The stock certificate(s) should be sent by registered mail, return receipt requested to the SRJC Foundation. Unendorsed stock certificates are non-negotiable. The postmarked date on the stock power will be used as the gift date when the stock certificate and stock power are mailed under separate covers.