Stock
Many people find making a gift of securities to be both easy and often financially beneficial. Stock gifts are valued based on the mean price of the stock on the date of the gift. No capital gain taxes are due on stock that is gifted to Harbin Hot Springs. However, it is important to follow some simple steps to expedite the transfer of the stock to Harbin Hot Springs.
If you would like to transfer shares electronically, please:
You must be sure the broker does not simply sell the stock and then transfer the proceeds. Such a step triggers a taxable transaction for you. If you have the stock certificate, please simply send the certificate(s) to:
Harbin Hot Springs
P.O. Box 782
Middletown, California, USA, 95461
If your stock certificate is for more shares than you want to gift, Harbin Hot Springs will have the certificate split, re-issuing to you the number of shares you designate.
Planned Giving
Guests and Friends of Harbin Hot springs have increasingly asked for information on how they might make planned gifts. Planned gifts are recognized both in the United States and in other countries as ways in which individuals may make significant charitable contributions that can also provide themselves and/or their heirs with significant tax and other financial benefits.
In addition to the general information below, Harbin Hot Springs offers donors the following documents that are easily downloaded and printed for your use:
Planned gifts are classified into two general types:
If you would like to discuss donation via a planned giving arrangement, please contact us at 707-802-8684 or email fundraising@harbin.org.
Mutual Funds
A gift of mutual fund shares needs to be handled carefully. It often takes several weeks, months sometimes, to accomplish the transfer and usually requires a signature guarantee. Please contact your mutual fund brokerage house or agent for a form they may have available to you for making charitable gifts. Such forms may be available on a web site but generally require downloading and mailing with original signatures and guarantees.
PLEASE EMAIL, FAX OR MAIL THIS COMPLETED NOTIFICATION FORM TO:
Harbin Hot Springs
Attn: Mutual Funds Transfer
P.O. Box 782, Middletown, CA USA 95461
Email: fundraising@harbin.org
Fax: 707-987-0616
IRA – Individual Retirement Account
In 2015, the Protecting Americans from Tax Hikes (PATH) Act made permanent the IRA charitable rollover provision, giving individuals age 70 1/2 or older the ability to transfer up to $100,000 a year, tax-free, from an IRA to one or more qualifying charities.
A charitable IRA rollover (from a traditional or Roth IRA) can be a significant way for individuals to make a generous donation to Harbin Hot Springs, while avoiding or mitigating income tax and tax treatment on appreciated assets. The rollover is not subject to the usual percentage limits for charitable deductions.
The qualified charitable distribution (rollover) can satisfy the required minimum distribution (RMD) from the IRA, and may offset most or all of the taxable income recognized through the RMD. Please consult with your financial or retirement advisor about this and contact Harbin Hot Springs for any additional information you may need.
Donor Advised Funds
Individuals or couples who have established donor-advised funds (DAF) may support Harbin Hot Springs at any time by recommending that their fund support Harbin Hot Springs. Because you have already received applicable tax benefits by making donations to your DAF, you will not receive additional benefits in making such a recommendation.
Harbin Hot Springs asks that you mail or fax to us a signed copy of an “Intent to Recommend” form provided to you by your fund manager for this purpose.
PLEASE EMAIL, FAX OR MAIL THIS COMPLETED NOTIFICATION FORM TO:
Harbin Hot Springs
Attn: Mutual Funds Transfer
P.O. Box 782, Middletown, CA USA 95461
Email: fundraising@harbin.org
Fax: 707-987-0616
General Fund
Plans continue to progress on schedule and we expect the rebuilding phase to last through 2025. During this construction period, we are also estimating that our revenue will not be sufficient to cover our operating expenses. You can help.
Heart Consciousness Church DBA Harbin Hot Springs is a nonprofit 501(c)(3) organization. EIN #23-7422390
If you have any questions, please contact us:
Harbin Fundraising: 707-802-8684
Email: fundraising@harbin.org
Harbin Hot Springs, PO Box 782, Middletown, CA 95461;
www.harbin.org
Updated 2024
