Securities Gifts
While many donors prefer to make gift of cash,
a growing number are taking advantage of contributing gifts of long-term
appreciated securities to support the goal and initiatives of Lazarus House Ministries.
Advantages
Receive an income tax charitable deduction based on the market value of the
security at the time of the gift.
Avoid capital gains tax on the appreciated value of the securities.
Direct your gift to a variety of different purposes at Lazarus House Ministries.
Fund a life income agreement and potentially receive a greater income.
Valuation
The value of the gift will be the mean of the high and low trading prices on the official date of your gift.
The official date of your gift will be determined differently depending on how the gift is made.
By mail, it is the post mark date.
By overnight carrier. it is the date of receipt by Lazarus House Ministries.
By electronic transfer. it is the date the security is received into the Lazarus House bank or brokerage account.
By re-registering the security into the name of Lazarus House Ministries, it is the date on the new certificate(s).
Making the Gift with Stocks & Bonds
If the certificate(s) are held by you:
- Send your certificate(s) by certified/registered mail or by overnight carrier, without any endorsement, assignment or other notations to Lazarus House.
- Enclose a letter stating the purpose of your gift.
- In a separate envelope, using the same carrier as employed with
the certificate(s), send a stock/bond power endorsed in blank; filling
in only your signature but no other information.
Your name should appear exactly as it does on the face of your certificate(s).
If possible, include a copy of the letter you sent with your certificate(s).
If the securities are held by the bank or broker:
- You can authorize your bank or broker in writing that you wish
to make a gift/transfer of __ (number of) shares of __ (name of security)
to be designated to Lazarus House Ministries, Inc, for the purpose
of _____.
Provide your bank or broker with Lazarus House’s electronic transfer instructions,
which you may obtain by calling the Development Office at 978-689-8575 x201.
- Please send a copy of you authorization letter to the Office of Development and Planned Giving.
Include the telephone number of your broker.
If you need additional information or have questions, please contact our Development Department.
Lisa Merrill-Burzak or Betsy McNally Leeman will gladly assist you.
Lisa Merrill-Burzak can be reached by phone at 978-269-5212 or by email at Lisa@LazarusHouse.org.
Betsy McNally Leeman can be reached by phone at 978-269-5207 or by email at
Betsy@LazarusHouse.org.
Note:
Do not instruct your bank or broker to sell securities from your account and
forward the proceeds to Lazarus House Ministries.
This would represent a cash transaction and you would be liable for any capital gains tax.
However, if you hold depreciated securities it is to your advantage to sell them from your
account to establish a tax loss and then make your gift in cash to Lazarus House.
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