Gifts of Securities to the Foundation
Planned Gifts with Tax Benefits
Securities Gifts
Planned Gifts with Benefits
The Benefits Of Generosity
Making a gift of securities (stocks) to the Foundation has several benefits. It allows you to make a planned gift while retaining complete control of the asset during your lifetime and provides significant tax benefits, making it a good alternative to a cash gift of the same value.
Stock gifts are valued for gift purposes according to IRS rules, and the value is based on the mean price of the stock on the date of the gift. There are no capital gains taxes on appreciated stock that is given to St. Paul’s Foundation if the stock has been held by the donor for more than 12 months.
How to Transfer
It’s important to follow some simple steps to expedite the transfer of the stock.
Stock Certificates
If you have the stock certificate, do not sign the certificate(s). Rather, sign a stock power, which is available from your broker, a bank, an office supply store, or the Foundation office.
Mail the stock power in one envelope and the stock certificate(s) in another. Send both to:
St. Paul’s UMC Foundation
1340 Third Avenue SE
Cedar Rapids, IA 52403
You may also hand deliver the documents to St. Paul’s. If your stock certificate is for more shares than you want to give to the Foundation, please visit with our Executive Director to make arrangements to re-issue shares to you.
Brokerage Accounts
If your stock is held in a brokerage account, our Executive Director will work with your broker to accomplish the transfer.
Please note that it is the policy of St. Paul’s Foundation to sell gifts of publicly traded securities as soon as they are received.
If you have any questions, please be in touch and we will be happy to provide the information you need to make the process simple.