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Securing Hillsides mission

How One Couple Secures Hillsides Mission

Sherm Telleen and his wife Marge are dedicated to Hillsides, and have been very generous over the years. “We give because we are committed to helping vulnerable children who are unable to help themselves,” Sherm says.

The Telleens make regular cash gifts to Hillsides. They also go a step further and donate securities.

Donating securities –stocks, bonds and/or mutual funds – to a charity can be a smart financial move, says Shelley Z. Fox, a California certified public accountant.  If the stock has appreciated – gained in value over time -- you can donate the amount of the stock at its present valuation and take a tax deduction for the full amount up to 30 percent of your adjusted gross income. And, since the securities are donated rather than sold, you avoid paying any capital gains tax on the gain. The more the stock has appreciated, the greater your tax savings will be.

Aside from the tax benefits, donating securities “is an easy way to transfer wealth and for some people, is financially less taxing,” points out Jackie Broxton, Hillsides director of major gifts and planned giving.  

Interested in donating securities to Hillsides?  Contact Jackie at 323-543-2800, ext. 230 or jbroxton@hillsides.org

Family Resource Centers offer numerous community-based programs and services that provide parenting classes, mental health support, and additional crucial resources for vulnerable children and families throughout Los Angeles County, including the San Gabriel Valley and Pasadena. >
Residential Treatment Services provide a safe and stable environment where children and youths, who cannot live at home, suffered trauma, or have severe emotional or behavioral challenges, can thrive. >
Education Center, a therapeutic residential and day school, offers individualized education for students with social-emotional, learning and/or behavior challenges for children in kindergarten through 12th grade. >
Youth Moving On, with support from The Everychild Foundation, provides former foster youth affordable quality housing and numerous support services to help them become responsible, self-sufficient adults. >

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940 Avenue 64, Pasadena, CA 91105     Main Campus: (323) 254-2274  Fax: (323) 254-0598Copyright © 2013 Hillsides Organization. All Rights Reserved.