Stock & Mutual Fund Gifts
For stock and mutual fund gifts, shares are transferred into an account owned by Cru Foundation. A Stock Administrator then sells the shares. Once the proceeds are received, it is deposited and credited according to your directions into the Fund.
Typically, you will need to alert your financial advisor or broker that you would like to contribute appreciated securities to Cru Foundation.
The advisor will then transfer the applicable shares using Cru Foundation’s transfer and broker account information (which can be found here). In some instances, the transfer can happen the same day that you make the request to your financial advisor. (Mutual funds can take additional time as the custodian might require additional processes.)
–>Please ALWAYS notify Cru Foundation of your gift transfer using the Stock Notification Form so that your gift is allocated appropriately. Email a copy of your completed form to firstname.lastname@example.org or call 800-449-5454 with any questions.
NOTE: The shares of stock arrive in our brokerage account without information about the person donating the shares nor the purpose of the gift. Please always notify us of your stock transfer.
Bitcoin and Other Virtual Currencies
Cru Foundation accepts tax-deductible contributions of various forms of virtual (digital) currency such as Bitcoin into a GCDAF. Per government requirements, these gifts are recognized as real property and are received and receipted similar to stock and other securities. Virtual currency gifts of $5,000 or more annually require a qualified appraisal.
Contributions of virtual currencies are received by Cru Foundation through a digital wallet managed through Coinbase, Inc. Your contribution will then be liquidated and the cash moved to the designation of your recommendation.
–> For the Coinbase wallet information, please view the Instructions for Contributing Cryptocurrency. Please ALWAYS notify Cru Foundation of your gift at email@example.com and provide the following information:
- Your name and address
- The amount and type of currency transferred
- Fund ID and Name
For questions regarding contributions of cryptocurrency, please contact Cru Foundation at firstname.lastname@example.org or 800-449-5454.