Donations of appreciated stock may be a tax-wise way to make a contribution. You may be able to make a larger donation than with a cash contribution and these gifts usually provide savings on capital gains taxes. Depending upon your individual tax situation, you may receive an income tax deduction for the full fair market value of the stocks. Be sure to discuss this type of donation with your financial advisor or broker.
In order to facilitate the transfer of securities, please have your stock broker contact Moreau Catholic’s stock broker, Rob Cummins at UBC Financial Services, at 800-950-5531. Additional information to provide to your broker includes:
Clearing number: 0221
Client Name: Moreau Catholic High School
Account Number: FK 37883 80
Please contact Colleen Kelly, Stewardship Coordinator at firstname.lastname@example.org to notify us of your gift and indicate any special instructions.
*Publicly traded securities – Gifts of stock and other publicly traded securities will be valued at the mean of their market values on the date the donor relinquishes control of the securities. Neither losses nor gains realized by the sale of the securities after receipt, nor brokerage fees or other expenses associated with the transaction are to affect the value recorded. The policy of Moreau Catholic High School is to immediately sell all donated securities.