Taking Stock of Art and Nature
If you have investments that you’re thinking about divesting,
consider using some to connect people with nature by donating
them to Brushwood Center at Ryerson Woods. Gifts of
appreciated stocks, bonds, or other securities can offer financial
advantages in the form of a tax deduction and savings on capital
How does it work?
You transfer securities (stocks, bonds, mutual fund shares)
to Brushwood Center by having your broker call us at 224.633.2426
and request the account and routing numbers for Brushwood
Center’s investment account. When the securities are
transferred, we sell them within five business days and
the proceeds go into the general operating fund for Brushwood
If you wish, you may designate a specific purpose for the
funds, such as art exhibitions, outreach, education programs or
renovation of the Brushwood home. More information about gift
designations is available by calling Julia Kemerer at 224.633.2426.
What are the advantages?
At the end of the year you may claim an income tax deduction
for the fair market value of the securities on the date they were
transferred to Brushwood Center. (The securities must have been
held in your name for one year or longer in order to be fully tax
deductible.) Regardless of how much you paid for them originally, or how
much they have gained in value since then, you will pay no capital
gains tax on the donated securities. Brushwood Center doesn’t play the market. With our policy to
sell gifts of securities within five business days, the proceeds
of your gift go to work immediately to nurture art, nature and
discovery at Ryerson Woods.
What about charitable donations from IRAs?
If you are 70½ or over, you might consider making a charitable
donation to Brushwood Center directly from your IRA. Required annual distributions from your IRAs
can be directly contributed to charitable organizations as tax-free donations. This is a convenient way to satisfy IRA distribution
requirements, support charitable causes, and receive a tax break all at the same time. Consult with your financial advisor before making any gifts of securities. Let us know ahead of time that your gift is coming.
If you hold your securities yourself, rather than with a
broker, you will need to follow specific mailing instructions,
which we can give you when you call. Mutual fund transfers must follow the parameters of the
fund and can take up to a month; please contact us for more
Brushwood Center at Ryerson Woods
21850 N. Riverwoods Road
Riverwoods, IL 60015
Tax ID: 36-3715155
to return to the main donation page.