Receive a tax deduction for using stocks, bonds and mutual funds as donations
When you choose to donate appreciated securities or mutual funds you have held more than one year, you have the opportunity to reduce or eliminate federal capital gains taxes on the transfer. Making this type of donation also entitles you to a federal income tax charitable deduction; the deduction is based on the fair market value of the securities at the time the transfer takes place.
Next Steps
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- If you have questions, contact Honor Flight Chicago’s office at 773-227-VETS (8387) for additional information on appreciated securities.
- Provide the following information to your broker:
Name of Account: Honor Flight Chicago Corp.
Name of Broker: TD Ameritrade
DTC Number: 0188
Account #: 494525295
Federal Tax ID#: 26-1978570 - To ensure your gifts are properly received and acknowledged, please email Honor Flight Chicago at donations@honorflightchicago.
org to notify us of your gift. You may contact us before or after donating securities.
The information on this website is not intended as legal or tax advice. Please consult an attorney or tax adviser for such advise.