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
Office of Advancement
91-1841 Ft. Weaver Rd., Ewa Beach, HI 96706
Phone: (808) 543-8412
Email: cfsadvancement@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:
- Child & Family Service Controller, Roxanne Oda (808) 681-1450 or via email to roda@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.
- 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
Office of Advancement
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 Eligibility | ACAT 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.
