Thank you for your interest in donating stock or mutual funds to Twin Cities Housing Development Corporation (TCHDC) on behalf of theLiberty Plaza and Calibre Ridge Resource Centers.

Electronic Transfer

Donating stock to a 501(c)(3) tax-exempt organization like the Twin Cities Housing Development Corporation and its Liberty Plaza and Calibre Ridge Resource Centers may provide significant tax advantages, as the appreciation in the stock's value may not be a taxable event, even when the tax-deduction is taken at the appreciated value of the stock.  It is simplest to transfer the stock between accounts electronically.  Appropriate documentation is generated by the broker for your records, and confirmation will also be sent to you from TCHDC shortly after the stock is received. Two simple steps are involved.

1.             Inform TCHDC when you are ready to make the contribution, so we can make sure it is received properly.  Inform Mary Crowley, Program Manager at TCHDC, in writing, to the above address or via email; mcrowley@tchdc.org; when you are ready to make the contribution, so we can make sure it is received properly.  Please also email Nancy Hegdahl, Office Manager at nhegdahl@tchdc.org.  Communications should contain: 

·          Donor’s name

·          Donor’s complete mailing address

·          Name of stock or fund being transferred and the number of  shares

·          Your brokerage contact information

·          Date of the donation

·          Purpose of donation (all donations will be utilized for the comprehensive  
      program fund, unless otherwise donor designated).

2.             Relay the following information to your broker:

         Your name, account number, name of stock or fund and the number of shares to be transferred to:

·          Twin Cities Development Corporation Account

Richard Lanpher
Merrill Lynch
3400 Minnesota World Trade Center
30 East Seventh Street
St. Paul, MN 55101
651-298-7502
800-603-5706

The DTC Number is 5198

·          Incoming wire instructions are as follows:

Mellon Bank
Pittsburgh, PA
ABA: 043000261
Credit:  Merrill Lynch
A/C: 101-1730

For Further Credit: Twin Cities Housing Development Corp. 

Account number: 693-02159

 TCHDC tax ID number is: 36-3287080                .

This is all the information necessary to transfer the stock if held by a broker.  

Certificates/Shares in Your Possession

If certificates or shares are in your physical possession:

·          Send TCHDC a Letter of Authorization

·          The signature of the person(s) name on the certificate(s) must be either on the
back of the certificate(s) or on a Stock Power Form.  Should you require a Stock Power Form, contact Nancy Hegdahl (651-292-0211 x 100 or nhegdahl@tchdc.org) to have one mailed, faxed or emailed to you.

·          TCHDC’s Merrill Lynch Account Number 693-02159 should be written on the face of the certificate(s)

·          The above named items:  Letter of Authorization, Certificate(s), and Stock Power Form (if applicable) should be sent by a certified mail to Richard Lanpher at the Merrill Lynch address as noted above.

TCHDC will notify you when your transfer is complete, informing you of the value of your gift for tax purposes, and confirming that the purpose of your gift is being honored.

Please contact Nancy Hegdahl, Office Manager at TCHDC at (651) 292-0211 x 100; or nhegdahl@tchdc.org , if there are any problems or if you have any questions.

Thank you for helping TCHDC help others help themselves!!