GIVING :: Red Cloud Indian School

GIVING THROUGH STOCKS

A gift of securities (stocks) often can result in significant tax benefits for you. For example, contributions of appreciated securities held for over a year are generally deductible at market value, regardless of what the donor paid for the securities. In addition, the capital tax is avoided through such a gift.

How to Notify Red Cloud Indian School on a Gift of Securities
When making a gift of securities to Red Cloud, please contact Angie Yellow Boy-Stinson, Director of Planned Giving. It is very helpful to have your name, address, phone number, the name and type of securities to be gifted (public, private, restricted, mutual fund, etc.), number of shares and the date you intend to make the gift.

Types of Transfers
Electronic Transfer
Our broker is Smith Barney in Omaha, Nebraska. The transfer of securities from a donor's brokerage account to the Red Cloud Indian School, Inc. account is accomplished via the Depository Trust Company (DTC) . To perform such a transfer, simply notify your broker of the securities to be gifted and provide the following transfer instructions:

The DTC Number for Smith Barney is 0418
Red Cloud Indian School, Inc.'s account number is 494-19857-1-7-600

In the event your broker requires further information, please contact Angie Yellow Boy-Stinson at ayellowboy@redcloudschool.org or 888/232-7020, or write:

Red Cloud Indian School
Development Office - Securities
100 Mission Dr.
Pine Ridge, SD 57770-2100

It is important for us to know the identity of the donors of all securities gifts in order to give prompt and accurate credit for all gifts received. Particularly in the case of an electronic transfer, it is often very difficult to obtain this information after the transaction is processed. Therefore, in addition to instructing your broker to include your name and address in the DTC transfer instructions, please ask your broker to contact Angie Yellow Boy-Stinson at ayellowboy@redcloudschool.org or 888/232-7020 for more information, or letter to inform Red Cloud of the securities being gifted.

Mutual Fund Transfer
Mutual fund units cannot be electronically transferred via DTC.

The method of transferring mutual fund units to Red Cloud varies depending on how the fund units are held. If they are held in a Smith Barney account, your broker can transfer them to our Smith Barney account by journal entry. If they are held in an account with a different brokerage firm, your broker should contact Angie Yellow Boy-Stinson at ayellowboy@redcloudschool.org or 888/232-7020 to arrange for the transfer. If, however, they are held in an account with the fund company, the easiest way to transfer them is into an account in Red Cloud Indian School's name with the fund company.

Please contact Angie Yellow Boy-Stinson at ayellowboy@redcloudschool.org or 888/232-7020 for more information.

Gift Valuation Date
Electronic Transfer
The gift valuation dated for securities sent to us via DTC is the date the securities are deposited to our Smith Barney account.

Mutual Fund Transfer
The gift valuation date for mutual fund units is the date they are deposited to either our Smith Barney account or to a mutual fund account in Red Cloud Indian School's name.

Valuation Method
The value of a stock gift is calculated by averaging the high and low quoted selling prices for the stock as of the gift valuation date. The value of a bond gift is calculated by averaging the bid and ask prices for the bond as of the gift valuation date. The value of a mutual fund give is calculated using the NAV (net asset value) for the fund as of the gift valuation date.

Acknowledgment of Gift
As soon as a securities gift is received and matched to the donor, Red Cloud sends an acknowledgment letter stating the nature of the gift, the gift valuation date and the gift valuation amount.