Appreciated Stock or Securities Donations

At the heart of stewardship in my own reflections and my own search for how it touches my life it has prompted me to ask that questions more than once, ‘What do I own and what owns me?’—Archbishop Thomas Murphy

Help the parish or ministry you care about with a gift of Stock or Securities.

Would you like to contribute to your parish’s or favorite ministry’s capital campaign this year? Maybe you’re parish has a specific fundraiser or event that you’d like to donate to? If you invested in the stock market you could be able to gift more without any increased price by donating appreciated stocks, bonds, and mutual funds.

The process for donating stocks and/or securities for the benefit of a specific parish, Diocesan or parish cause or campaign is simple…it just requires a little more paperwork. 

How to donate appreciated securities

If your parish has a brokerage account, please contact parish staff.

Otherwise, the diocese processes securities donations as a service to parishes and ministries.

  1. How your gift is processed depends upon whether you hold your securities in a brokerage account or have physical possession of the certificates. Contact the Stewardship and Development’s Planned Giving office at (816) 714-2346 if you need help determining how to proceed.
  2. If your securities are held electronically, download the Securities Donation form below and send it to your brokerage. Please send a copy to both Linda Maclean at Wells Fargo (linda.maclean@wellsfargo.com, Fax: 913-234-7717) and to Stewardship and Development (hotchkiss@diocesekcsj.org, Fax: 816-756-5089).
  3. The diocese will sell your securities and send the proceeds to the parish, school or ministry you designated on the Securities Donation form.

Please consult with your own attorney and other professional advisors regarding your personal tax and financial situation.

Failure to include this donation form with your donated stocks/securities will prevent us from knowing how to allocate the funds from your donation, potentially resulting in the funds not being allocated.

Limitations on Gifting Stock and Securities

  • We are unable to accept donations of cash through this means.
  • We are unable to hold gifted shares as investments. Rather they are sold upon our learning of their benefit. Those interested in the donation of gifts shares, that stay invested, should consider using their shares/securities to open an account with Catholic Community Foundation (CCF); detailed below.

Tax Treatment

Donating publicly traded appreciated stock or mutual fund shares is a strategic gift-planning method. For most people, the after-tax cost is less than a cash gift.

  • If held for more than 12 months and you can itemize, the fair market value as of the date of the gift is eligible for deduction.
  • The donated value may be deductible up to 30% of your adjusted gross income and can be carried over for up to five years.
  • Capital gains tax will not be assessed.

The IRS offers guidance to establish the value of your securities donations in publication 561.

Use your donation of Stock or Securities to open a Donor-Advised-Fund (DAF)?

If you’d like to have your gift of stock to pay for an ongoing or recurring pledge, opening a Donor Advised Fund (DAF) with Catholic Community Foundation (CCF) could be for you. Please click the link above to see if the option might be right for you.

 

 

 

 

 

©2022 Diocese of Kansas City–St. Joseph