Gifts of Stock

The Lighthouse gratefully accepts gifts of publicly traded stocks and other types of public securities, such as mutual funds, treasury bills, and notes.

Stock Wiring Instructions for The Chicago Lighthouse

If you have any questions regarding these instructions, please contact Jennifer E. Miller, Director of Development, at (312) 997-3643 or jennifer.miller@chicagolighthouse.org.

Contributing long-term appreciated securities will also help both you and The Lighthouse!

DELIVERY INSTRUCTIONS:

Wire Instructions for Cash:

    Citibank N.A., New York
    399 Park Ave, New York, NY 10001
    ABA# 021000089
    Account Name: GOLDMAN SACHS & CO.
    A/C #: 3073-6756
    For Final credit to: 020-827077
    The Chicago Lighthouse For People Who Are Blind Or Visually Impaired

DTC Eligible Securities:

Goldman, Sachs & Co.
    DTC# 0005
    For credit to: 020-827077
    The Chicago Lighthouse For People Who Are Blind Or Visually Impaired

Fed Book Transfers:
(i.e. Governments)

Bank of New York
ABA# 021-0000-18
Bank of NY/Goldman
For credit to: 020-827077

If you sell appreciated securities, you will incur a capital gains tax.

However, if you use appreciated securities to make an outright gift to the Lighthouse:

You avoid the capital gains tax.
You are allowed a charitable deduction for the fair market value of the asset.
Finally, the cash that you would have used to pay the capital gains tax (had you sold the asset) is now available for other uses.

Accordingly, there are three terrific advantages for you- and a fantastic gift to the people we serve who are blind or visually impaired.

In order to do contribute stock to the Lighthouse, you can transfer the asset directly into our account electronically, or you can send us the endorsed stock certificate directly via registered mail.

For more information on making gifts of securities, please call our Director of Development, Jennifer E. Miller at (312) 997-3643.