When it comes to supporting the Ronald McDonald House Charities of Alabama (RMHC of Alabama), every contribution counts. Whether it’s through volunteering, direct donations, or participating in fundraising events, your support plays a vital role in helping us provide a home away from home for families with critically ill children. One of the most impactful and tax-efficient ways you can contribute to our mission is by donating appreciated stock.
Why Donate Stock?
Donating stock offers several benefits, both for you as the donor and for RMHC of Alabama:
1. Maximize Your Impact: By donating appreciated stock directly, you can avoid paying capital gains tax on the increase in value of the stock. This means that RMHC of Alabama receives the full value of your gift, allowing us to allocate more funds directly to our programs.
2. Tax Efficiency: If you’ve held the stock for more than a year, you can claim a charitable deduction for the full market value of the stock at the time of the donation, reducing your taxable income.
3. Simplicity: Donating stock is a straightforward process that can be completed in just a few steps, making it an easy way to contribute to our mission.
How to Donate Stock to RMHC of Alabama
Here’s a step-by-step guide on how you can donate stock to RMHC of Alabama:
1. Contact Your Financial Advisor: Start by speaking with your financial advisor or broker. They can guide you on how to transfer the stock from your account to RMHC of Alabama’s brokerage account.
2. Notify RMHC of Alabama: Once you’ve decided to donate stock, it’s important to notify us of your intention. This ensures that we can properly acknowledge your generous contribution. You can reach out to Kathy Moore, Director of Major Gifts & Planned Giving, to provide the necessary details about your stock donation.
3. Provide the Necessary Information: To complete the transfer, your financial advisor will need specific information about RMHC of Alabama’s brokerage account. This includes:
– Brokerage Firm Name: Regions Bank, Endowments and Foundations
– Account Name: REGIONS BANK FBO SPTC Ronald McDonald House Endowment
– Account Number: 10550011228
– DTC Number: SEI Private Trust Company #2663
4. Complete the Transfer: Your financial advisor will handle the transfer of the stock to RMHC of Alabama’s account. Once the transfer is complete, we will provide you with an acknowledgment letter, including the details of your donation and the market value of the stock at the time of the transfer.
The Impact of Your Gift
By donating stock, you’re helping us provide a comfortable and supportive environment for families during some of their most challenging times. Your contribution helps cover the cost of housing, meals, and other essential services, ensuring that families can focus on what matters most—the health and well-being of their child.
Thank You for Your Support
At RMHC of Alabama, we rely on the generosity of our donors to continue our mission of supporting families in need. Your stock donation is not only a smart way to give, but it also makes a real difference in the lives of the families we serve. Thank you for considering this impactful way to support our cause.
For more information or assistance with your stock donation, please contact Director of Major Gifts and Planned Giving Kathy Moore. We’re here to help you through every step of the process.
Together, we can make a lasting difference in the lives of countless families.
