Both Big Shoulders Fund and Empower Illinois accept marketable securities as STC donations. The securities are converted by the SGO into cash. If the liquidated value does not cover the amount of the tax credit reservation, donors can make up the difference by making an additional payment. If the liquidated value exceeds the amount of the tax credit reservation, the difference would be used by the SGO as an unrestricted donation. As such, one should make a reservation that exceeds the anticipated liquidated value.
The benefit to the donor is the ability to avoid paying taxes for capital gains.
For additional information on how to donate marketable securities, please contact the Agudah at stc@agudahil.org, the SGO you intend to donate to or the school for which you intend to designate your contribution.