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Stock and IRA Gifts

Other Ways to Give

Habitat for Humanity of Greater Cincinnati welcomes gifts of stock and has a brokerage account with Merrill Lynch for your convenience in transferring publicly traded securities. Electronic delivery of shares is the most secure and expedient process available and provides efficient internal control as well as cost savings.  

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Benefits of gifts of stocks and bonds: 

  • Avoid paying capital gains tax on the sale of appreciated stock 

  • Receive a charitable income tax deduction 

  • Helps Habitat purchase materials to build and repair more homes for hardworking Greater Cincinnati families 

​It’s a simple three-step process for donating securities to Habitat for Humanity Greater Cincinnati: 

1. Contact Your Broker with your donation intentions. Have them transfer the securities to: 

Merrill Private Wealth Management

Nick Riordan

312 Walnut Street, Suite 2400

Cincinnati, OH 45202

DTC Number: 8862
Beneficiary Account Number: 7LS-03000
Beneficiary Account Name: Habitat for Humanity of Greater Cincinnati

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Brokerage Contact Information:

Nick Riordan, +1 513 562-2085 or Katie Andrews, +1 513 579-3895
Toll Free: 1-866-579-3888, Fax: +1 513 322-4417

2. Notify HFHGC of your intentions

1. Please notify us at Development@HabitatCincinnati.org or 513-482-5605 that you initiated the stock gift, as stocks arrive in our account without identification. This will ensure the gift reaches Habitat for Humanity of Greater Cincinnati as you intended, and that we know how you would like it to be used. 

The date that the control of the stock is transferred is key to determining the tax deduction for the gift. Please provide: 

  • Donor's first and last name, phone number and address 

  • Name of the company the stock shares are coming from 

  • Number of shares to be donated 

  • Name and phone number of broker/custodian 

  • When broker will be directed to execute the gift 

  • Whether gift is for general support or a specific purpose 

Shortly after receiving your gift, a gift acknowledgement letter will be provided for tax purposes. 

Habitat for Humanity of Greater Cincinnati is obligated to record your gift as of the day it is received into its brokerage account. With increased year-end transactions, please plan charitable giving early. 

Consult your financial advisor before initiating a charitable gift arrangement. Habitat for Humanity Greater Cincinnati does not provide financial, tax, or legal advice. 

Individual Retirement Account (IRA) Contributions 

If you are at least 70½ years old, you may make a charitable rollover gift of up to $108,000 each year directly from your IRA. An IRA Charitable Rollover Gift satisfies your annual required minimum distribution, can be given directly to Habitat for Humanity Greater Cincinnati, and is excluded from your taxable gross income—potentially reducing your tax liability. 

  1. Contact your IRA account administrator to initiate your gift. Request that funds be transferred directly to Habitat for Humanity Greater Cincinnati. 

  2. Ensure your name is included on the donation paperwork for tracking and acknowledgment purposes. 

 

Important Notes 

  • Habitat for Humanity Greater Cincinnati encourages donors to consult their financial advisors to ensure optimal tax benefits and compliance with all IRS requirements. 

  • All gifts help build affordable homes for families in Greater Cincinnati. 

  • For accounting and recognition purposes, always notify Habitat when making any gift of stock, bonds, or IRA contributions. 

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