Single Parents don’t have it easy. They find a way to make it work even when they don’t know how. It is the love for their child that pushes them through, every single time.

Join us in helping to change single parent families future. By donating to Single Mothers Outreach, you help us build stronger families and strengthen our community.

"The greatest good is what we do for one another."
- Mother Teresa

 

What is Better to Donate? Cash or Stock?

A cash gift or the same amount in appreciated securities both generate the same charitable deduction.

But if you gift publicly-traded stocks, bonds or mutual fund shares that you have held for a year or longer to make your gift, you will receive an additional tax benefit: the IRS allows you to make your transfer to a charity without recognizing capital gains on the appreciation

Donating a gift of stock to Single Mothers Outreach is easy. If your stock is held in a brokerage account, you simply instruct your broker in writing to transfer the shares to the Single Mothers Outreach account listed below, along with the account number and DTC for the brokerage. Please be sure to note if the gift is unrestricted or should be used for a specific program, and then have a copy of the letter sent to Single Mothers Outreach to ensure that you are credited for the gift and that your generosity is properly acknowledged.

Brokerage Name: Raymond James & Assoc., Inc.   |   DTC Number: 0725   |   Account No. 878LX657

 

 

Sample Letter To Your Broker:

Dear (Broker’s Name):
This letter is to direct you to transfer ____ shares of stock in (company) from Account#______ in my name (or in the name of _____) to the account of the Single Mothers Outreach, Inc., Tax I.D. #95-4646004, at: Account #878LX657, Raymond James & Assoc., Inc., DTC #0725. This gift is (unrestricted/restricted) to be used for _____________________.
Your Signature and Address

Planned Giving

With planned giving donors receive assistance in establishing gifts that will help SMO for generations. Planned gifts are arranged through wills, trusts, insurance, and gifts of property. With proper planning, you can make beautiful gifts supporting Single Mothers Outreach while maintaining or even improving your financial status. It is possible to make gifts while increasing income for you and your loved ones, providing for inheritances, and reducing or eliminating revenue, donations, and estate taxes. For more information or if you have questions about donating a stock, please contact :

Robin Strauss, Director of Client Experience   |   Robin.Strauss@vancewealth.com   |   888.775.0950
Yorleni Sapp, Executive Director, Single Mothers Outreach   |   ysapp@smoscv.org   |   661-288-0117

 

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