Gifts To Beth El - Stocks, Securities & Real EstatePublicly Traded Securities: Marketable securities may be transferred to an account maintained at one or more brokerage firms or delivered physically with the transferor's signature or stock power attached. As a general rule, all marketable securities will be sold upon receipt unless otherwise directed by the Executive or BES Investment Committee. Closely Held Securities: Closely held securities, which include not only debt and equity positions in non-publicly traded companies but also interests in LLPs and LLCs or other ownership forms, can be accepted subject to the approval of the Executive Committee. However, gifts must be reviewed prior to acceptance in the light of these criteria:
Real Estate: Gifts of real estate may include developed property, undeveloped property, or gifts subject to a prior life interest. Prior to acceptance of real estate, the Executive Committee shall require an initial environmental review of the property to ensure that it is not environmentally contaminated. A title insurance binder shall be obtained by the Committee prior to the acceptance of the real property gift. The cost of this title binder will be an expense of the donor. Prior to the acceptance of the real property, the Committee will consider the gift according to the following criteria:
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