Giving First Delray appreciated stocks, ETFs, or mutual funds directly is a great way to make a major contribution to the church without having to find the cash to do so. And, you have the advantage of potentially deducting the full value of the stock or mutual fund you donate! A win win!
Below are the instructions for you to use or to give to your broker or wealth management specialist. The steps are easy, but need to be followed to make sure you get the full value and credit for donating stocks, ETFs, or mutual funds directly to First Delray for the Capital Campaign, Annual Giving, or Endowment Fund.
Our investment management firm needs notification of any DTC stocks or mutual funds being transferred to them before they are transferred. Email Colleen O’Rourke, Finance Manager, with the following information:
· Donor’s Name and Address
· Name of Financial Institution transferring the asset
· Name of the Security
· Number of Shares being transferred
· CUSIP number
· Cost Basis and Acquisition Date of Shares
· Purpose of Transfer, i.e., the Capital Campaign, Annual Giving, or the Endowment Fund
Upon notification, Colleen O’Rourke will respond with the specific transfer information.
The church does not provide tax, legal, or accounting advice. You should consult your own tax, legal, and accounting advisors before engaging in any transaction.