Seedco Financial

Seedco Financial is a tax-exempt 501(c)(3) not-for-profit national Community Development Financial Institution (CDFI) that seeks to stimulate economic development in communities that are underserved by traditional banking institutions by providing affordable capital, hands-on technical assistance and innovative solutions to small businesses, nonprofit organizations, CDFIs and real estate developers.

Seedco Financial relies on the generous support of individuals and institutions to assist small businesses in their plans for growth and expansion in communities across the country.

Gulf Coast Oil Spill

We are closely monitoring the situation that is unfolding in the Gulf of Mexico. Though the ultimate impact of the oil spill is unclear, the potential to affect nearly all of Louisiana's fisheries is there. By the numbers:

• These fisheries supply nearly a third of the fish harvested in 48 states by weight, with a value in excess of $2.85 billion.
• 207 million pounds of oysters landed in 2008, economic impact of $317 million.
• 90.4 million pounds of shrimp landed in 2008, economic impact of $1.3 billion.
• 52 million pounds of crab landed in 2008, economic impact of $293 million.
• Fisheries represent more than 27,000 jobs in Louisiana.

Seedco Financial Services has provided more than $15 million in grants, loans and business assistance to over 700 fisheries and related businesses in Louisiana. We are active participants in the dialogue with government, local communities, and our partners on the best ways to help proactively manage this difficult situation, relying on our significant past experience.

If you would like to support our emergency efforts to help fisheries in Louisiana, please donate below.

If you have any questions or need additional information, please contact Edwin Hong at ehong@seedco.org or (212) 204-1392. You will be forwarded a written acknowledgement of any financial contribution you make to Seedco Financial.

• Donate Online
  

  Donating is secure and provided through Google Checkout. We accept all major credit cards.

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• Donate by Mail

  View a donation form with instructions to donate by mail, fax, or phone call.

• Donate by Stock

  Did you know that a donation of stock can count for more?

  The benefits:

  • You deduct the current fair market values of the shares on your taxes, not the price you originally paid for them.
  • You avoid ever having to pay taxes on capital gains on the donated shares in the future.
  • Essentially, you are donating with a monetary gain that you never realized and thus will never pay taxes on. To donate long-term holdings, which the IRS defines as being held for 12 months or longer, and receive the full deduction:
  • The tax receipt Seedco Financial sends you upon receiving the donation
  • A dated letter from your broker spelling out how many shares were donated to us

  If you acquired a block of shares over time at different prices, be sure to donate the ones that you acquired at the lowest cost in order to realize the greatest possible tax savings. Those shares contain the biggest amount of locked-in capital gain that you can avoid getting taxed on.

  For more information about donated stock please see IRS Information Letter 2001-0277.

• Donate by Bequest

  By including Seedco Financial in your will or trust, you can ensure that those less fortunate will continue to receive services for years to come. Bequests of all sizes, of both financial assets and real estate, maintain and strengthen our ability to help low-income people and communities move toward economic prosperity.

  A testamentary gift to Seedco Financial can also help you meet financial and estate planning goals. Your bequest will qualify your estate for a charitable deduction equal to the entire amount of the bequest.

  Testamentary Gifts

  Testamentary gifts to Seedco Financial may take two forms:

  • Cash Bequest - Seedco Financial receives a specific dollar amount.
  • Specific Bequest or Devise of Property - Seedco Financial receives specified assets, such as securities or an interest in real estate.

  Example of Testamentary Language

  I give and bequeath to Seedco Financial, a not-for-profit corporation located at 915 Broadway, 18th Fl., New York, NY 10010, for its general purposes, the sum of ____ Dollars ($____) [or ____% of my residuary estate].

• Retirement Plans

  Today, IRAs, Keoghs, 401(k)s and other retirement plan assets make up an increasingly large part of many estates. When left to your heirs, these assets can become subject to income, state and other transfer taxes. Naming Seedco Financial as a beneficiary of all or a specified percentage of your plan assets eliminates both income and estate taxes. Note that designating a specific dollar amount, instead of a specified percentage, will result in the inclusion of these funds in your gross estate for tax purposes.

• Donate by Tribute

  A gift to Seedco Financial made in honor of or in memory of someone is a unique and special way to celebrate a birthday, graduation, anniversary or holiday. A card will be sent to the honoree or the honoree's family.

  View a donation form with instructions to donate by mail, fax, or phone call.

Seedco Financial Services, Inc. is a 501(c)(3) not-for-profit organization. Copyright © 2010, Seedco Financial Services, Inc. All Rights Reserved.

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