Tax Status

In 2002 the Fund obtained permanent tax exempt status as a public charitable institution. The IRS recognizes the Fund as exempt under section 501(a) of the Internal Revenue Code as an organization described in section 501(c)(3). Grantors and contributors may rely on this determination unless the IRS publishes notice to the contrary.

Donations

The fund will accept donations in cash or in stock. Cash donations will be deposited directly into the fund's cash reserves. Donations in stock must be made directly to the fund's brokerage account. Your contribution will be recognized for cash value equal to the closing price of the last trading day before the donation, multiplied by the number of shares donated. Typically the donation will be converted to cash by selling the stock. The fund cannot guarantee that a donated stock will not be sold. Sometimes making a contribution in stock rather than cash can be a substantial tax benefit to the donor. Please consult your tax advisor.

Cash

When making donations in cash, please submit a check, drawn in US funds, or international money order to:

Chris Borton Memorial Scholarship Fund
101 E. 7th Street
Davis, CA 95616

Stock

If you wish to contribute stock to the fund, rather than cash, please instruct your broker to make the transfer using the information below:

    Crowell, Weedon & Co: DTC # 0574
    Attn: Joe Scanlin
    Chris Borton Scholarship Fund: Acct # 70-65342-1-060

Your broker should confirm this transfer with a letter detailing amount of shares, stock symbol and price at the time of transfer (close of trading day before transfer). This letter should be sent to the treasurer.

Matching Funds

Please keep in mind that many companies have a matching fund gift program. They will match all, or part of, a gift made by an employee (or sometimes a for retired employee) to a qualified charitable institution. Please inquire with your employer.

Receipts

Upon receipt of your donation, the treasurer will send you a formal receipt recognizing your contribution. Although not required for filing your tax return, this receipt should be retained for tax purposes. If you have any other questions, please contact the treasurer by email: or phone: (650) 966-1404.

Privacy

Although the fund does not make the list of donors available, other than as required by law, we understand that some donors wish to remain anonymous for all other purposes. If this is the case, please indicate so with your donation and we will at all times make sure your name is not published or shared.