Give a gift of stock – Give the Rollover from Your IRA
Give a gift of stock
Email Suzanne Hall and Poconna Thiel the gift date and details of your planned stock donation. Stock gifts arrive anonymously into our brokerage account so we have no way of linking a gift to the donor without notification from the donor.
Contact your brokerage firm and request that the stock be transferred to St. James’s brokerage account via DTC. Here’s a document with account information that you need:
We will mail an acknowledgment when your stock donation has been received into our account. The tax value of your gift will depend upon your basis in the stock and is figured as of the date the stock leaves your account. Consult your tax advisor for more information. The donation value of your gift, for purposes of pledge fulfillment, will be the gross proceeds the church receives upon sale. Our policy is that all donated securities are sold immediately upon receipt.
For your information, the church’s tax ID is 540515726
Give the Rollover from Your IRA
Congress made permanent the law that allows people age 70½ or older who own an IRA to make cash gifts directly from their IRA to charity. For many people, this is the best tax-wise way to give. An IRA rollover gift will not be included in your taxable income and will qualify for your required minimum distribution.