Tax-Smart Giving Methods

Stocks, Bonds or Mutual Funds

Transferring stocks and mutual funds offers additional tax savings.  You avoid capital gains taxes and receive a tax deduction. In accordance with IRS guidelines, St. Martin’s is not qualified to provide you with a specific value for non-cash contributions.  Therefore, your annual giving statement will not reflect a value for this gift.  Instead it will reflect only a description of your donation.  We suggest you contact your tax adviser for further information.

Tax-Smart Giving Methods

Gifts of Appreciated Securities

When transferring a gift of appreciated securities to St. Martin’s, please send it directly to one of the Church’s available accounts. When you are ready to send, please call Debbie Hutchison so she will provide account codes and will monitor the transaction's progress. She will also ask you to send the Church a letter of transmittal that will confirm your gift and will provide information where it should be used: operating fund, capital fund, endowment, etc. Please state in this letter the name of the appreciated securities and the number of shares to be transferred. The date that the stock is received in the Church’s account is the date of the gift. We will sell the stock immediately.

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More information:
Debbie Hutchison
Accounting Supervisor
dhutchison@stmartinsepiscopal.org
713-985-3803