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Andersen Corporation
Stock
There are special procedures for some stock gifts such as Andersen Corporation
stock. Gifts of Andersen stock are handled through an arrangement with the
St. Croix Valley Community Foundation. The Foundation has established
a charitable trust at the First State Bank of Bayport. This trust can
accept gifts of Andersen Corporation stock from individuals to benefit
charitable organizations.
How it works:
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Consult your professional advisor, attorney, accountant, financial planner,
etc. |
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Establish a fund at the St. Croix Valley Community Foundation. |
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Contact the First State Bank of Bayport to arrange the transfer of stock to
the Foundation’s charitable trust. |
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The trust will sell the stock and put the proceeds into your donor advised
or designated fund. |
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You can then advise the Foundation to transfer the money to our annual
campaign or into United Way's endowment fund. |
Fees
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A $50 transaction fee is deducted from the proceeds by the First State Bank
of Bayport |
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St. Croix Valley Community Foundation fees vary with the type of fund
established (e.g. $300+ for a short-term donor advised pass through fund). |
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For further information about donating Andersen stock, please contact the
St. Croix Valley Community Foundation’s president, David Griffith, at
715-386-9490. |
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