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You may want to give a
gift of appreciated securities to the church.
By transferring the security instead of selling it, you
avoid any capital gains tax while getting a tax
deduction for the current value of the security.
The preferred way of doing this is to request your
broker to transfer the security directly to the church's
brokerage account.
The information your broker will need is the
following:
DTC 443
DB Alex Brown
1399 New York Ave.
Suite 500
Washington, DC 20005
FBO: The Church of the Good Shepherd
Acct. # 5XW772580
Tax ID 54-0794549
If you do this, you must notify the church of the
transfer, otherwise when it comes into our account we
have no way of knowing who it came from!
Be sure to tell us the name of the security, the
number of shares transferred, whether the gift is for
one of the Capital Campaigns or for the General Fund,
and if the latter, for what year. We will send you a
letter acknowledging the value of the gift. If you have
further questions, contact our Treasurer, Charlie Joyce,
at
ccjoyce@cox.net
or at 703-323-8869.
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