Donate Investments


Donating investments can be a great way to financially support Westside Children’s Center and decrease your tax liability. We make no claims regarding the accuracy of the above information or the tax consequences stemming from your use of it. Please consult with your own tax, legal, or financial planning advisor.

     Stock Donation
     Bequest Gift
     Charitable Gift Annuity
     Charitable Remainder Trust
     Life Insurance Gift
     Charitable Lead Trust
     Retirement Plan Gift


Electronic delivery of stock shares is the most secure and expedient delivery process available and provides efficient internal control as well as cost savings. However, you may also transfer certificates directly. To help you facilitate a gift of stock, please use the following instructions:

      Securities Delivered Electronically
     
      Sally Emr
      Morgan Stanley
      1453 Third Street, Suite 200
      Santa Monica, CA 90401
      DTC Number: 0015
      Account Name: Westside Children's Center
      Tax ID# (EIN): 95-4117747
      Account Number: 241-018647-285
      Please instruct your broker to include your name in the delivery instructions.

So that we are able to ensure proper acknowledgement of your gift for income tax purposes, please notify us via e-mail at traceym@westsidechildrens.org in advance of any electronic transfers of securities. Please include a description of the securities donated, the number of shares of stock or face amount of bonds, your name, address, phone number and e-mail address if available.

Securities Delivered by Mail

    Mail your unendorsed certificate(s) and stock power in separate envelopes by registered mail to:
    Westside Children's Center
    12120 Wagner Street
    Culver City, CA, 90230



Notification of Donor Intent

Regardless of the method chosen to deliver a gift of stock, the donor or the transferring broker must provide a letter including the following information, for audit and acknowledgment purposes:

Donor's name and complete address
* Name and number of securities transferred


Valuation for Tax purposes and date of gift

The date of the gift is the day of the stock passes from your control. The value, for income tax purposes, is the mean between the high and the low quoted selling price on that day. Your gift will be acknowledged by WCC.


If you find that you have securities that have declined in value over the years and are interested in donating them to nonprofit, you may find it more advantageous to sell the securities first and contribute the proceeds to nonprofit as opposed to donating the securities outright. This strategy should allow you to claim a deduction for both the loss from the sale of the securities as well as the charitable gift.

If you are considering donating stock that is subject to a cash merger or tender offer, it is important for you to note that you will be subject to tax on the capital gain even though the shares were transferred to WCC before the tender offer became effective.

Note: WCC is obligated to record your gift as of the day it is received into its brokerage account. You may wish to have regular communications with your broker to ensure that the transfer has actually taken place. These steps should help to assure you receive proper credit for your gift within the tax year desired. WCC does not make any representations as to the accuracy of the above information. You should always consult with your financial advisor before initiating a charitable gift arrangement.


Bequest Gift
What is a Charitable Bequest?
Simply put, it is a provision in either your will or your living trust which provides that all or a portion of your estate is to pass to a charitable organization such as Westside Children’s Center. This provision can take effect immediately upon death or can be contingent on someone’s (spouse, children) surviving. If the bequest is provided for in your will, your gift will be distributed subject to probate court proceedings. If you have made the bequest a provision of your living trust, your gift will be made by your trustee. If your estate is subject to estate taxes, your charitable bequest will likely reduce your tax liability. Usually, no income tax benefits are generated by your bequest unless you stipulate that your charitable bequest is to be made out of assets on which you paid no taxes during your lifetime such as IRA, 401K, or Keogh accounts. Because appreciated assets take on a new cost basis at your passing, it is likely that no capital gains tax will be incurred when your bequest is distributed. You may state your charitable bequest provisions in a number of ways:

1. Specific Bequest: You designate a specific dollar amount, specific percentage, or specific asset to WCC.

2. Residual Bequest: Your estate will pay all debts, taxes, expenses, and specific bequests. The remaining amount -- the residual -- will be transferred to WCC.

3. Contingent Bequest: You can ask that WCC receive all or a portion of your estate only under certain circumstances. For example, you can name WCC as a beneficiary of your estate only if there are no surviving close family members. Childless couples sometimes provide for the entire estate to go to the surviving spouse, or if the spouse does not survive, to WCC.


It is very important that you work with your attorney in preparing your will (and trust); in addition, we highly recommend that you include WCC in your planning. Westside Children’s Center Director of Development is willing to help you establish a bequest that meets your desires, and to cooperate fully with your professional advisors.



Charitable Gift Annuity
The charitable gift annuity enables you to make a gift to support WCC and at the same time improve the quality of life for your family. In exchange for your gift of cash or marketable securities to WCC, we agree to pay you (and a survivor or other beneficiary) a fixed amount annually for your lifetime. The transfer is part gift and part purchase of an annuity. The rate of return is attractive and the payments are guaranteed for life.

WCC uses the charitable gift annuity rates recommended by the American Council on Gift Annuities.


Charitable Remainder Trust
A trust is a legal agreement that specifies how the assets placed under the trust will be managed. The charitable remainder trust is an attractive method to achieve a variety of goals while providing income for life and knowing that after your lifetime, the property remaining in the trust will be used by WCC as you specified. There are two types of charitable remainder trusts - the unitrust and annuity trust.

- Unitrust: income fluctuates annually with the fair market value of the trust.
- Annuity Trust: income payments are fixed and determined when the gift is made.


Life Insurance Gift
Some of our supporters no longer need their life insurance that was purchased years ago to provide for children or other family members. If that is your situation, please consider donating the policy to WCC. You may claim a charitable deduction for approximately the policy's cash surrender value, and the proceeds are completely removed from your estate.


Charitable Lead Trust
Individuals with very large estates can use a charitable lead trust to benefit WCC and pass principal to family members with little or no tax penalty. It works like this:

You transfer assets to a trust that provides payments to WCC for a term of years. Then the trust principal goes to your children, grandchildren, or others free of, or at greatly reduced, federal gift and estate tax. (Please note that a generation skipping tax [GST] is imposed on large transfers to grandchildren and others who are more than one generation younger than you.)


Retirement Plan Gift
Many individuals today have large qualified retirement plans such as an IRA, 401(k), or Keogh plan. These assets have been growing tax-free for years. Once the owner begins to receive payments from the qualified plans, the distributions are taxed. The plans are also included in the owner's taxable estate. A retirement plan may be an excellent source of funds for making a gift to WCC.

One way to make a gift of your retirement plan is to create a charitable remainder trust
We make no claims regarding the accuracy of the above information or the tax consequences stemming from your use of it. Please consult with your own tax, legal, or financial planning advisor.