Why you should give stock
Donating stock is easy to do, and 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. For example:
If you bought stock years ago for $1,000 and it is now worth $10,000, giving that stock to us would result in a charitable deduction of $10,000. You would also avoid paying capital gains tax on the $9,000 of appreciation.
How to donate stock
Do not sell the stock and send us a check because the tax advantages of donating stock are eliminated. Transfer the shares directly to us.
So that we can properly credit your gift, please let us know that you are making a stock gift, and if it is for a particular program or location. Notify Maureen Jersak, by phone at (417) 720-4213 or by email to firstname.lastname@example.org.
Most stocks are transferred electronically. Please contact Maureen Jersak (contact information above) or have your stockbroker or financial advisor contact our broker.
Account Name – Catholic Charities of Southern Missouri, Inc.
Tax ID Number: 80-0455890
Broker: Ameriprise Financial
2609-B East Sunshine
Springfield, MO 65804
Representative: Tom Tobin
Phone: (417) 881-9200 or (800) 725-6604
Contacting us before making the transfer is necessary because, without being advised of the donor’s name, stock shares are deposited into our account with no information on who made the gift.
Stock Certificate Transfers
If you hold the stock certificate and it is issued in your name:
Complete the assignment section on the reverse side of the cetificate;
Assign it to Catholic Charities of Southern Missouri;
Your signature must be guaranteed by an eligible guarantor institution, such as your bank or brokerage house;
Ask us to pick up the certificate, or hand-deliver it to Catholic Charities of Southern Missouri, 424 E. Monastery St., Springfield, MO 65807.
You will receive a written gift receipt from Catholic Charities. The dollar value of your gift is based on the average price of the stock on your gift date. For electronic transfers, your gift date is the date that our account receives the shares. For stock certificates, the gift date is the pick up or delivery date.