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It feels good to give back. It feels even better when you can also avoid capital gains tax.

Firstname

We will be on the lookout for the following transfer:

Donor Name:

Designation:

Ticker:

Estimated Shares or $:

Date of Transfer:

Transferring Firm:

Contact Name:

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lastname
giftDesignation
tickerSymbol
estimatedShares
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We have notified our investment officer at Jefferson Bank of these details to begin the donation process. His contact information is listed below:

Shawn P. Hughes, JD
Senior Vice President
1900 Broadway, Ste 900
San Antonio, TX 78215
210-736-7386 (Direct)

General Overview of Mutual Funds Donation Process

The delivery instructions associated for mutual funds is different than that of stocks or bonds. Mutual funds must be done on a case-by-case basis because the shares must be re-registered at each fund company.

Step 1

Jefferson Bank establishes an account at the fund company to receive the donated shares. Typically, this step can take 24-72 hours or as fast as the fund company can process the request.

Step 2

Jefferson Bank will then provide the donor the receiving account number at the fund company.

Step 3

The donor will then instruct the fund company to transfer the requisite number of shares from their account to the account number we provide. Depending on the fund family this may take from two days up to more than a week in some cases.

Step 4

Once the shares are received into Jefferson’s omnibus account at the fund company, the Foundation’s account is credited.

Step 5

Jefferson then notifies the Area Foundation of the shares received so they may be liquidated and deposited into the Area Foundation’s checking account at Jefferson Bank.

Step 6

The Area Foundation transfers the donated amount into the correct donor Fund, and it is available for grantmaking.

Expertly Invested, Compassionately Aligned

Rest assured that your gift is in expert hands. Like you, we appreciate smart investments.

Lisa Brunsvold
Chief Development Officer

Have more questions? We’re here to help.

Take 20 seconds to complete this form. We’ll be in touch.

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