Stocks & Securities

Appreciated Securities

Gifts of appreciated securities are a valuable way to leverage your giving to the mission of Trinity Episcopal School for Ministry. It allows you to take full advantage of the available tax benefits the government allows at this time. Stock giving may be an effective addition or alternative to cash giving. 

If you own any appreciated property, like stocks, mutual funds, bonds, or real estate, there are three major advantages to giving the asset versus giving cash:  

1. Ability to make a potentially larger gift.  For many of us, the desire to give exceeds the amount of cash we have available to give. If you have access to investments that can be transferred to fund a gift, without taking from cash flow used to meet your budgetary needs, your giving is not limited to cash available.
2. Increase in cash flow. Cash flow often presents a challenge for many individuals. Even an individual with substantial net worth may have difficulty meeting current financial obligations. Highly appreciated property may not produce substantial cash flow. Many times, stocks and bonds produce cash flow, in the form of dividends, of only one to two percent of their net worth. A gift of these types of properties may result in an immediate tax deduction, which increases cash flow. 
3. Avoidance of capital gains tax. If you sell appreciated property and make a gift of the proceeds, you will be taxed on the appreciation. This is called a capital gains tax. But that tax is avoided when you give appreciated property directly to Trinity Episcopal School for Ministry or to the 501(c)(3) charity of your choice. And your charitable deduction will be for the full fair market value of the property at the time of the transfer.

Electronic transfer:  This is a convenient way to transfer your securities. Simply instruct your broker to electronically transfer your securities out of your account into Trinity Episcopal School for Ministry’s Allegiant Institutional Services account. Your broker will need the following information: our Tax ID number is 25-1271008, our account number is P1-3098-036, the DTC number is 2316, and the account name is listed as Trinity Episcopal School for Ministry.  Contact Melissa McFarland at Allegiant Institutional Services, at 1-877-622-5479 ext. 28658; the fax number is 216-222-7044.

For more information about non-cash giving, contact The Development Office.