Is the gift of stock right for you?

Mary from Florida was looking for a way to help Sacred Heart Southern Missions. Our work with the poor here in Mississippi is something she believes in very deeply. Unfortunately at the time her cash flow was a little tight. However, she did have some stock holdings and a trip to her broker’s office convinced Mary that a gift of stock was best for her. “It was quick and efficient”, Mary said, “just perfect for me.” If you own appreciated stock and want to put it to work for your desire to help the poor this type of gift may fit your situation too.

Here are some common questions we hear:

• What are the benefits of a gift of securities?
• First, you'll receive a charitable income tax deduction equal to the fair market value of the shares, no matter what you originally paid for them.
• Second, you will pay no capital gains tax on the transfer. This combination of benefits makes giving appreciated securities a very rewarding charitable and financial plan.
  
  
• How will my gift of securities be valued?
  • We take the mean of the high and low prices for the security on the day it came into our possession.  If the high price was $80 per share and the low price was $70 on that day, your gift will be valued at $75 per share.
    

• How do I arrange for a gift of my stock?
  • It is important that you contact us so that we can assist you with transfer instructions. If you own securities in a brokerage account, we can help you set up an electronic transfer of the shares to our brokerage account. If you possess actual stock certificates, we can tell you how to sign the certificates over to us and fill out a stock power form.

• Can I give you shares of a mutual fund?
  • Yes, and we can coordinate the transfer with the administrators of your fund.

For more information on making a stock gift call our Planned Giving Department at 888.217.4829.

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Questions

Questions? Call Steve, Earlene or Faye in our Planned Giving Department at 888.217.4829