Gifts of Securities

Instructions for Gifting of Securities

Thank you for your interest to gift securities to Child & Family Service. To ensure that we acknowledge your gift with a proper tax receipt, please complete the Gifting of Securities Form (click here) and submit it to:

Child & Family Service
Development & Communications Office
91-1841 Ft. Weaver Rd. Ewa Beach, HI 96706
Phone: (808)681-3500
Email:  development@cfs-hawaii.org

Valuation and Acknowledgement of your Gift

The value of the gifted security is the Fair Market Value (FMV) on the valuation date (the date that we receive the gift).  If there is an active market for the contributed stocks or bonds on a stock exchange, in an over-the-counter market, or elsewhere, the FMV of each share or bond is the average price between the highest and lowest quoted prices on the valuation date.  For example, if the highest selling price for a share was $11 and the lowest $9, the average price is $10 (IRS Publication 561).

An acknowledgement letter and tax receipt with this stated valuation will be sent to the donor address listed above.

 

Delivery Instructions for Gifting of Securities

Notification and coordination

If you would like to process an in kind transfer gifting of securities to Child & Family Service; please have your broker and or delivering party contact the following:

  1. Child & Family Service Executive Vice President & Chief Finance Officer, Vivian Yasunaga (808) 681-3500 or via email to vyasunaga@cfs-hawaii.org to let her know that you wish to process an in kind transfer gifting of securities and that you are making a gift in support of The Child & Family Service.
  2. First Hawaiian Bank’s Institutional Wealth Management and Securities Processing Team namely:
  • Jerelyn Sullivan, our Account Administrator, at (808) 525-5869 or via email to jsullivan@fhb.com and iwmservicecenter@fhb.com to inform them about the gifting.
  • Jolene Manalo, VP & Manager, at (808) 525-5724, Securities Processing & Custody Department, or via email to their team email address market@fhb.com to provide them with detailed information of the securities that will be gifted (i.e. shares, security description, CUSIP number or ticker symbol and when to expect receipt, contact person etc.).

Valuation and Acknowledgement of your Gift

The value of the gifted security is the Fair Market Value (FMV) on the valuation date. If there is an active market for the contributed stocks or bonds on a stock exchange, in an over-the-counter market, or elsewhere, the FMV of each share or bond is the average price between the highest and lowest quoted selling prices on the valuation date. For example, if the highest selling price for a share was $11, and the lowest $9, the average price is $10. You get the average price by adding $11 and $9 and dividing the sum by 2. (IRS Publication 561) You will receive an acknowledgement letter to use for tax purposes along with the stated valuation of the gift and confirmation that your gift will be in support of the campaign.

Information we need from you and where to send it

It is very helpful for us to receive a note from you confirming your gift along with your current address and contact information. And please let us know if your gift is made in honor or memory of someone.  All correspondence should be mailed to:

Child & Family Service
Development & Communications Office
91-1841 Ft. Weaver Rd.

Ewa Beach, HI 96706

MAHALO NUI LOA for your gift and selecting Child & Family Service as the beneficiary.

Depending on the type of securities being gifted, your broker must utilize the delivery instructions provided below:

 

SEI Private Trust Delivery Instructions

DTC Clearing Number:  SEI Private Trust Company
DTCC Participant # 2663
ACAT EligibilityACAT Participant # 2663
Dividend Reinvestment:Issue a certificate or set-up DRS (if eligible) for whole shares.  Please liquidate all fractional shares and stop dividend reinvestment
Mutual Fund Transfers:  See attached mutual fund instructions.
If no instructions attached, please Contact
SEI Private Trust Company
SEI Wealth Platform Free Movement Team /Hillside 3
One Freedom Valley Drive; Oaks, PA 19456
Team Line: 610-676-7896, Fax 484-676-3652
Email: GWSUSFREEMOVEMENTS@SEIC.COM
* SEI will not accept money markets and/or cash reserve funds in-kind.  If applicable, please liquidate and send as cash.
Partial Transfers:SEI Private Trust Company is authorized to accept PTDs sent via the ACAT system for all mutual funds, equities and cash.
Physical Securities & Bearer Issues:  SEI Private Trust Company
Attention:  Physicals /Hillside 2
One Freedom Valley Drive; Oaks, PA 19456
Federal Reserve Bank Book Entry (Securities Only):ABA Number:  042000013
FRB Mnemonic:   US Bank N.A., Trust
Sub Account: 1050/Trust
For SEI Account # 001050985491
Further Party Info (or Free Text): SEI A/C #/Name
Options Deliveries:* DO NOT ACCEPT
Limited Partnerships:* DO NOT ACCEPT

*ALL DELIVERIES MUST INCLUDE THE CLIENT’S NAME AND SEI PRIVATE TRUST COMPANY ACCOUNT NUMBER.

Accreditations, Affiliations, & Awards

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