Donate Stock
Gifts of Stock
Electronic transfer of appreciated stock shares is a secure and expedient method to contribute to a nonprofit organization. Transferring the stock shares without selling them first can provide some tax advantages. Please consult your financial advisor to fully understand the benefits available to you.
KIB has a custody account with KeyBank. Shares of any stock are liquidated within 24 hours, and the value of the gift is then determined based on the final sale price.
Step 1: Initiate Transfer
Sign into your brokerage account or contact your broker to initiate the transfer. You may need some or all of the following information:
KIB’s Federal ID#: 31-1005792
Deliver via DTC
KeyBank NA
Participant #2205
Reason Code 40
FBO
Account Name: Keep Indianapolis Beautiful Inc Cust
Account Number: 2179690
Step 2: Notification of Donor Intent
Please email development@kibi.org and provide the following information:
- Donor’s name and complete address
- Name and number of securities transferred
- Name of brokerage house shares will be transferred from (i.e. Raymond James Financial Services, etc.)
- Date of the transfer
- Specify if the gift is for general operating support or to support a specific program at KIB (if any)