Gifts of Stocks & Securities
Direct gifts of stock are simple and, as compared with a gift of cash, are often advantageous from the donor’s perspective. Donors can make an immediate outright gift of stock or use stock to fund a more sophisticated planned gift, like a gift annuity.
Appreciated Stock
With stock that has appreciated in value, the donor must give the stock directly to the charity to realize these benefits. If the donor sells the stock and subsequently gives the proceeds to the charity, he or she will be responsible for paying a capital gains tax on the profit.
Depreciated Stock
With stock that has depreciated in value (i.e., stock whose value is less than its original cost to the donor), the optimal charitable gift process is reversed. The donor should sell the stock first and then donate the proceeds. This way, the donor can derive the income tax benefit of the capital loss.
The actual gift process is usually quite simple: The donor instructs his or her own investment advisor or broker to transfer the desired shares of stock to the diocesan brokerage account and designates the particular parish, school or agency beneficiary. The diocese provides the donor with the relevant information concerning its brokerage account. Upon receipt of the stock, the diocese will credit the gift to the account of the diocesan beneficiary.
In order for us to properly identify and apply your gift, please download and complete the Stock Giving Form and return it to [email protected]. For assistance completing a gift of stock, please contact the Development Office at 703-778-8600.
Download: Stock Giving Form
