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Donate Stock to St. David's
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 St. David's
You will need to contact our accountant:
Shea Brendalen, Accountant
St. David's Episcopal Church
952-935-3336 ext. 11
to find out our account information at UBS, St. David's new broker, and then communicate this information to your broker. You will also need to inform Shea of your transaction and the nature of your donation (your pledge, capital campaign, special gift, etc). That way we can make sure that your gift is properly credited and applied.
If you are transferring a mutual fund asset, please know that mutual funds require special handling. It is our policy with stock to sell the stock as soon as UBS receives the stock.
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