Stocks and Mutual Funds

Stocks and Mutual Funds*

Giving stock or a mutual fund that you have owned for at least a year that has increased in value can be a very smart way to support the mission of St. Theresa’s.  Much of the same income tax savings may be available to you for donating stock as they are for writing a check, but giving your appreciated stock may also allow you to eliminate the capital gains taxes that would be due if you sold it yourself.  St. Theresa’s will get the full value of your stock, and you may also be entitled to a federal income tax charitable deduction based on the stock’s value on the date transferred. 
 
Please call us before making your gift. The instructions to share with your broker are below:

Charles Schwab 
211 Main St.
Sam Francisco, CA 94105

DTC #0164, code 40
For the benefit: St. Theresa Catholic Church
Account # 2113-0302
ph: 602-355-9003 to confirm

Making this gift is often as easy as telling your broker the information above, and telling us beforehand will help ensure swift delivery of the receipt that you may use for tax purposes. St. Theresa’s policy is to sell gifted securities as soon as reasonably possible, and your receipt is based on the proceeds from the market value of the stock once it has been sold.  It may take your broker a few days to make the transfer, so do not wait until the last week of the year -- please call today!  Contact Geneva Moore in the parish business office at 512-451-5121 x1003, or geneva@sttaustin.org.  Once a donation is made, please alert Geneva about the stock transfer so we can track and confirm the transaction. Thank you!

*This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for tax, legal or accounting advice. If you have any questions about how your giving may impact your finances, please consult a tax, legal or accounting advisor before engaging in any transaction.