Advise Young Life of the Gift
Please contact our Stock Accountant with the designation (how you want your gift to be used) for the stock gift, the number of shares and the identity of the stock. We prefer that this be done in writing, but you can call the Stock Accountant directly at (719) 381-1979; send a fax to (719) 867-3606 or e-mail
stockgifts@sc.younglife.org.
To ensure efficient processing of the gift, it is very important to provide the information above. Please do not rely on your stock broker or wire transfer service to provide us with this information.
- If your shares are held in an account ...
Ask your broker to make an electronic transfer of the shares to Young Life's Merrill Lynch Colorado Springs account #428-04A61. The DTC number is 5198, and it is needed if the stock is currently in an account with a company other than Merrill Lynch. Once the stock is transferred into Young Life's account, we will receive notification of the transfer, and a receipt will be sent to you. The effective date of the gift for this method is the date the shares are placed into our account. Please contact the Young Life Stock Accountant at (719) 381-1979 or e-mail stockgifts@sc.younglife.org to advise us that the gift has been made.
- If you hold the certificate for your shares ...
Please sign the stock over to Young Life, either by endorsing the back of the certificate or by using the stock power. Please make sure to sign exactly how the name(s) appear on the front of the certificate. If you have already had the certificate reissued in the name of Young Life, it is not necessary to provide us with a stock power. Both types should then be mailed to the attention of the Stock Accountant at the Young Life Service Center, 420 N. Cascade Avenue, Colorado Springs, CO 80903. Due to the nature of the document being mailed, we recommend that you send it via certified/registered/express mail. When the certificate is received, it will be immediately liquidated and a receipt will be sent to you. The effective date of the gift made in this manner is the date of the postmark for certificates still registered to the donor, and the certificate date for those that have been reissued in the name of Young Life.
- If you are transferring shares of a mutual fund ...
Please contact the Stock Accountant to discuss how to initiate the transfer. Because each mutual fund company has its own unique procedures, we will need to contact your mutual fund company or your broker to coordinate the most efficient way to make the transfer.
For all questions on how to set up credit card gifts, electronic fund transfers, a lost receipt or any
other
general giving questions, call Young Life Mission Assistance at (877) 438-9572.
For more information on
setting up a planned gift to benefit Young Life, please contact:
Jeff Rudder
Director of Donor Services
Young Life Foundation
P.O. Box 520
Colorado Springs, CO 80901-0520
Phone: (800) 813-1945
Fax: (719) 381-1755
E-mail:
inquiries@foundation.younglife.org*The information contained herein is for explanatory purposes only and is not intended to be used as tax advice. Young Life recommends that you contact a professional tax advisor who can provide you with additional information on how your participation in the above program may affect your personal tax situation.