Gifts of Stock and Mutual Funds
Catholic Charities welcomes all stock and mutual fund transfers, with no minimum requirements.
Giving stock held more than 12 months offers a two-fold tax savings. First, you avoid paying capital-gains tax on the increase in value of your stock. In addition, you receive a tax deduction for the full fair market value of the stock on the date of the gift. Subtracting the tax savings from what you originally paid for the stock can result in a gift that costs just pennies on the dollar. This is an excellent vehicle for stock that has appreciated substantially in value.
How to Give Stock to Catholic Charities
Stockbrokers require written instructions when transferring stock. You will need to give the following delivery information to your broker to make a gift to Catholic Charities:
Firm: Robert W. Baird & Co. – The Brennan Group
Contact: Lynn Kittelson, 952-857-5537, email@example.com
For the benefit of: Catholic Charities
DTC Number: 0547 (only needed for stock transfers)
Federal ID #: 41-1302487
How to Give Mutual Funds to Catholic Charities
Please contact Catholic Charities before requesting a mutual fund transfer between your broker and Morgan Stanley. Mutual fund transfers are more complex than stock and require additional processing time.
It is important to notify Catholic Charities when you have requested a stock or mutual fund transfer with your broker to ensure that you receive the appropriate tax credit information. Please contact Mary Butler at 612-204-8365, or firstname.lastname@example.org.