Gifting Stock

Gifting Stock

WHY 

Many individuals wish to use stock to make a gift, especially if the stock has increased in value and they know if they sell the stock they will owe capital gains tax.  Gifting the stock avoids the capital gains liability and gives them a charitable deduction for the full value of the stock on the date of sale.

 

HOW

Situation 1:      If you hold the Certificate for the Stock you wish to donate.

Step 1:       Mail the certificate unsigned to the Broker.

Step 2:       Mail a stock Power certificate to the Broker in a separate envelope.  We or the broker can provide this certificate.

Step 3:       Mail a letter of instruction to the Wisconsin Conference Trust Dept. so we know where to send the proceeds of the sale of your stock.  (for example conference evangelism, or your local church for tithe, etc)

Step 4:       We will provide you a letter of donation for your tax records.

 

 

Situation 2:       If you hold the Stock in a Brokerage account.

Step 1:       Visit or call your Broker and instruct them that you wish a Direct Transfer from your Acct. as you wish to make a gift.

Step 2:       Instruct them to make the transfer using DTC# 0015 to Acct # 441-043543 Wisconsin Corp of S.D.A

Step 3:       Mail a letter of instruction to the Wisconsin Conference Trust Dept. so we know where to send the proceeds of the sale of your stock.

Step 4:       We will provide you a letter of donation for your tax records.

*Contact the Broker (yours or ours) for the specific steps. The above is given to help you have a general understanding of the process should you desire to make a gift of stock.

 

       Conference Broker where you can mail or transfer your stock:

       RBC Wealth Management: Todd Wiedenfeld

       10 East Doty Street, Suite 1000, PO Box 1608

       Madison, WI, 53703

 

       DTC# 0015

       Acct. # 32050973  Wisconsin Corp of S.D.A

       You may call Todd with questions 1-800-933-3246

 

For any inquiries call the Wisconsin Conference office at 920-484-6555