Donating stock to Catholic Charities is easy to do, and may result in tax savings for you. Gifts of appreciated securities held for over a year are generally deductible at market value and are exempt from capital gains tax. For example, if you bought stock years ago for $1,000 and it is now worth $10,000, giving that stock to us would result in a charitable deduction of $10,000. You would also avoid paying capital gains tax on the $9,000 of appreciation.
If your broker holds the shares
If your securities are in a brokerage account, ask your broker to electronically transfer the shares to Catholic Charities. You should not allow your broker to sell the stock and send us a check. If your broker does this, the tax advantages of donating stock may be eliminated.
So that we can properly credit your gift, please notify us that you are making a stock gift. Tell us the name of the stock, the number of shares and the transferring broker. Let us know if your gift is for a particular program or campaign. You will receive a written gift receipt from Catholic Charities. The gift date is the date that our account received the transferred shares. The gift value is based on the average price of the stock on the gift date.
If you hold the stock certificate and it is issued in your name
The easiest way is to hand-deliver the certificate to us. Please assign the stock to Catholic Charities of the Archdiocese of Omaha by completing the assignment section on the reverse side of the certificate. Your signature must be guaranteed by an eligible guarantor institution, such as your bank or brokerage house. Once properly signed, the certificate is negotiable. Deliver it to Catholic Charities, Fund Development Department, 3300 North 60th Street, Omaha NE 68104. The gift date is the delivery date.
Have your stock values dropped in a time of economic hardship? Please know that you may be still entitled to a tax benefit if you consider the depreciated stock as the source of your giving. Sell the stock first and take a capital loss on your income tax. Then transfer the cash proceeds to Catholic Charities to be eligible for an income tax deduction. With this and all other complex financial transactions we suggest you check with your financial and legal advisors before taking action.
For more information, please contact Denise Bartels at 402.829.9218 or via email at firstname.lastname@example.org