To donate stocks, bonds or funds to Life Plan Humboldt in a tax efficient manner, please consider the following.
• Rather than cash in stocks to make a gift to Life Plan Humboldt, you could donate shares of stock directly to LPH and avoid capital-gain tax on the transfer.
• If you have an IRA, you can make a “qualified charitable distribution" (QCD) if you are 701/2 years of older. Have the IRA administrator make the transfer directly to LPH. The QCD is removed from your IRA without you claiming it as income.
• If you are 72 or older, your QCD can count as some or all your required minimum distribution (RMD). You can give up to $100,000 a year, and your spouse can also give up to $100,000 from his or her IRA. If you do this, alert LPH to be on the lookout for this gift, because some IRA administrators do not put your name on the distribution check.
• If you are taking out your first RMD, it must be taken by April 1 of the year after which you turn 72 (73 in 2023). After that your RMDs must be taken by December 31 of each year.
To help you facilitate a gift of stock, please use the following three simple steps:
Securities can be gifted to Life Plan Humboldt in two ways: either via electronic transfer (in which your broker transfers shares using the Life Plan Humboldt DTC number) or by physically mailing the paper certificates to Life Plan Humboldt. Either method is acceptable, but it is necessary for you to contact your broker to initiate the transfer. Click here to download a sample letter » for your use.
Clearing Firm: TD Ameritrade Clearing, Inc.
Tax ID Number: 47-0533629
TD Ameritrade, Inc.
Attn: Transfer of Accounts Department
200 S 108th Ave
Omaha, NE 68154-2631
DTC Number: 0188
ACCT Name: Life Plan Humboldt (Tax ID# 84-4757743)
ACCT Number: 279577663
Federal Book Entry:
BK of NYC/Ameritrade
ABA #021000018
Book Entry GNMA Securities:
PTC Instructions are: BKNYCATP
If Sending by Registered Mail:
Mail your ENDORSED certificate(s) by registered mail, to:
TD Ameritrade Clearing, Inc.
FBO: Life Plan Humboldt Acct# 279577663
PO Box 2226
Omaha, NE 68103-2226
Or to:
200 S 108th Ave.
Omaha, NE 68154-2631
Electronic delivery of mutual fund shares is the most secure and expedient delivery process available and provides efficient internal control as well as cost savings.
TD Ameritrade, Inc.
Tax ID Number: 47-0533629
FBO Life Plan Humboldt Account #279577663
PO Box 2226
Omaha, NE 68103-2226
Broker-Dealer: TD Ameritrade, Inc.