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For the unvarnished info, see
Doc Bob's BLOG
Couple of
good songs thanking our vets;
Before You Go
Before You
Go:VietNam
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Gifts of Stock
Operation Helmet accepts gifts of securities, including donated shares of
publicly-held corporations, stock options and shares of
mutual funds.
To make a stock gift, notify your broker that you wish to transfer securities
into Operation Helmet's brokerage account at Union Bank of California. You will
need to give your broker the following information:
FBO: Operation Helmet/Wells Fargo
Account Number: 4440-0835
DTC Number: 0733
Attention: Damon Davis
Direct Line: 409-833-2342
It is very important that you notify Operation Helmet about the gift transaction
at the same time you instruct your broker to transfer securities into our Wells
Fargo brokerage account.
In order for us to properly receive the gifted shares into our account and to
provide an accurate and timely acknowledgement for your tax records, please send
us:
- A concurrent notification with the donor's name
- The type and number of shares being transferred
- The name and phone number of the donor's broker
This notification should be sent to:
Dick Vetter
Treasurer, Operation Helmet
74 Greenview St
Montgomery, TX 77356
Voice - (409) 882-2342
E-mail -
Major Gifts
A gift of appreciated securities held for more than one year may bring about
significant benefits to you as a contributor to Operation Helmet:
- You become entitled to a charitable income tax deduction for the fair
market value (FMV) of the donated securities as of the date of the gift.
- You can eliminate capital gains tax that would ordinarily become due if
you had sold the appreciated securities on the open market and then donated
the process from the sale to a charitable organization.
- Your charitable deduction can be claimed against a maximum of 30% of
your adjusted gross income and any unused deductions can be carried forward
over the next five years.
- You can achieve your long-term financial objective of reducing your
income and estate taxes by making a gift of appreciated securities to
Operation Helmet.
- If you have in your stock portfolio securities that have declined in
value, you may find it more beneficial to sell the securities first and then
contribute the cash proceeds to Operation Helmet as opposed to gifting the
shares outright. This strategy may allow you to claim a deduction for both
the losses from the sale of the securities as well as the charitable gift.
- Stock options that have not yet matured can also be donated with
potential substantial tax savings to Operation Helmet's donors. Operation
Helmet will hold the securities until the option becomes effective and then
convert the shares to cash.
You should always consult with your financial advisor before initiating a
charitable gift arrangement.
If you have any questions regarding Operation Helmet's Stock Gift Program or
acknowledgement of your stock gift, please contact Dick Vetter, Treasurer,
Operation Helmet, (936) 449-5706, E-mail -
Major Gifts
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