Other Ways to Give: Gifts of Stock
A gift of stock can provide much-needed support
for St. John's Community Services (SJCS) crucial services
and offer you financial benefits as well. If you
have owned the securities for more than one year
and itemize deductions, you may be entitled to
an income tax deduction for the full market value
of the securities. With a gift of securities to
St. John's Community Services, you also may avoid any capital gains
taxes that would be due if you sell the stock.
If you are ready to make a gift, there are several
ways to transfer securities to St. John's Community
Services: electronic transfer, mailing certificates,
or hand delivery.
ELECTRONIC TRANSFER is a secure and efficient
way to donate securities to St. John's Community
Services. If your stock is held at a broker, notify
the broker that you wish to make a gift of securities
to St. John's Community Services. Identify the
name of the stock and the number of shares you
wish to donate. Your broker will need written
authorization from you before the transfer can
be made. Once you have authorized the transfer,
ask your broker to contact the St. John's Community
Services’ Development Department at 202-274-3405
for complete transfer instructions.
MAIL OR HAND DELIVERY is useful if your stocks
are not held at a brokerage firm. If mailing,
send the unendorsed certificates of stock and
a cover letter stating the securities are a charitable
gift to St. John's Community Services. Include
your name and full address in the letter. In a
separate envelope send a signed, signature guaranteed
stock power of attorney in blank for each certificate
of stock. Stock powers of attorney are available
from local banks or by calling the Development
Department at SJCS.
Certificates of stock may be hand delivered to
the attention of the Development Department at
St. John's Community Services. Mail or deliver
these documents to: St. John's Community Services,
2201 Wisconsin Ave., NW, Suite C-150,Washington,
DC 20007.
We highly recommend that you use registered
mail to send these documents.
DATE OF CONTRIBUTION FOR TAX PURPOSES: The date
of the contribution for an electronic transfer
of stock is the date the transfer is complete.
This may differ from the date you instructed your
broker to transfer the stocks. The date of the
contribution for stocks sent by mail is the date
of the mailing. If the stocks are delivered in
person, then the date of delivery is the date
of the contribution.
For more information on making a gift of stock
to SJCS, please contact Sandra Bishop, Director
of Development at (202) 274-3405 or sbishop@sjcs.org.
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