Donating Mutual Funds to Tiferes

Mutual funds make excellent gifts and offer the same tax benefits as gifts of stocks or bonds.

When your mutual funds are held by your broker or banker, or are in certificate form:

1.  Please use the procedure for stocks & bonds.

When your mutual funds are held by the fund company:

1.  You may write a dated letter to the fund, indicating your account number and instructing them to transfer the shares to:

Yeshiva Tiferes Menachem
Tax identification number 11-3394709
Attn: Rabbi Elgarten, Planned Giving
4823 Beach 48^th Street
Sea Gate, NY 11224

Your letter should be signature guaranteed by your broker or banker. Enclose a copy of your latest statement if possible.

2.  Send your letter by certified mail (and return receipt requested if you would like to have proof of its delivery).

Please send a copy of your authorization to Rabbi Elgarten at the above address to notify us of your gift. Tiferes Menachem needs advance notice of transfers in order to set them up on our end and to acknowledge your gift properly and in a timely manner.

Click here for our Sample Mutual Fund Authorization Letter.

Note: Most mutual fund companies have a toll-free number for shareholder questions. You may want to call them to confirm the above procedure before mailing your authorization letter.

If you would like more information on gifts of stocks, bonds or mutual funds, please contact us.