What you need to know
Shares of appreciated publicly traded securities, such as stocks and mutual funds, are relatively easy to donate.
If you donate publicly traded securities that you’ve held for at least one (1) year directly to The Foundation, using the Diocese stock donation form, you pay no capital gains tax appreciation in the asset. And as a qualified 501(c)(3) organization, The Foundation likewise does not pay any capital gains taxes, so it receives the full appreciated value of your gift.
Here’s the other benefit: You’ll get a tax deduction for the full fair market value of the stock at the time of the transfer. This income tax deduction, coupled with the avoidance of capital gains taxes, essentially lowers the cost to you of your gift! Please note that taxpayers who gift stock they’ve owned for at least one year to a public charity can use the resulting income tax deduction up to 30% of their adjusted gross income (AGI) in the year of the gift and can carry forward any unused deduction (if any) for up to five years.
How to Donate Stock or Securities
Gifts of stock may be made via electronic transfer. The Foundation, through the Diocese, maintains a brokerage account with Wells Fargo Advisors, LLC for the purpose of processing stock transfers to The Foundation for the benefit of Endowments, the Seminarian Partnership Program, Home Mission Society, and the Land Trust.
Simply download the form below and complete with your broker. The Foundation cannot initiate stock transfers on your behalf. Please contact your broker directly.
To learn more about making a charitable gift of stock or securities and other planned giving options that may be available to you, please reach out to Erika Boden, Director of Planned Giving, erika@foundationdor.org, 919-568-1065.