Outright Gifts of Cash, Stock, Real Estate and Personal Property
An outright gift of cash, checks, securities, stocks, real estate, and personal property transfers immediately to Cranbrook Schools from the donor to support the priority needs of the Schools.
These gifts are fully deductible for federal income tax purposes. These gifts can be made in honor or in memory of a special person, and Cranbrook Schools will notify the honoree/family of your generosity. In addition, many alumni classes join together during major reunion years to make a “class gift” and support a special fundraising project.
Stocks and Securities
Preferred method of delivering securities is for the donor to have his/her broker transfer the securities electronically via DTC (Depository Trust Company) to:
MorganStanley SmithBarney, Troy, MI
DTC No. 0015
For benefit of Cranbrook Educational Community
Account No. 089-111897-0-153Contact
: Stephen B. Fox (800) 227-1931
Prior to the transfer, please fax (248) 645-3018 or e-mail email@example.com
a written document to Cranbrook Schools’ Office of Development so that we can track and process your gift appropriately:
• Identification of stock, including symbol and/or CUSIP no., and number of shares
• Date stock is to be sent and sending broker, and
• Specific purpose of gift (e.g., Schools annual fund, Academy studios project, Institute lecture series, etc.).
The gift of securities will be valued on the date control of the asset is relinquished in favor of Cranbrook; e.g. the date the securities arrive in our account via DTC. Value is based on the average of the published high and low for that security in accordance with the IRS Tax Code, FASB, and CASE Guidelines.Real Estate and Personal Property
Please call our office at (248) 645-3556 to discuss this gift.