Gifts of Stock
Gifts of stock or other securities are a great way to reduce your tax liability while benefiting Catholic Charities. You may receive a charitable deduction for the market value of the stock at the time the gift is made.
A gift of stock can be a highly effective way to show your support. Donors may choose to make gifts using long-term appreciated stocks due to the potential tax advantages associated with such gifts. Before you make a gift of appreciated securities, consult your financial planner or tax advisor to determine how the potential tax advantages apply to your situation.
To facilitate a stock donation, please refer to the following instructions:
Notification of Donor Intent
The donor or the transferring broker must provide the following information for audit and acknowledgment purposes:
* Donor’s name and complete address
* Name and number of securities transferred
* Specific program to which the gift should be directed, if any
Please communicate this information at the time of transfer via e-mail or fax. You may fax it to Catholic Charities at 617-482-2429 or e-mail it to Ken Binder.
Electronic Delivery of Stock Donations
Please use the following information to enable your broker to make an electronic transfer of stock:
Brokerage:
Brian F. Miller
Morgan Stanley Smith Barney
53 State Street, 39th Floor
Exchange Place
Boston, MA 02109-2804
617-589-3265
brian.miller@smithbarney.com
Account Name:
Catholic Charitable Bureau of the Archdiocese of Boston, Inc.
(Tax ID # 04-2534041)
DTC Number:
0418
Account Number:
354-0658B-13-053
After notifying your broker, please call Ken Binder of Catholic Charities at 617-451-7962. He will need to know the name and telephone number of your broker, the name of the stock, and the number of shares you are contributing.
Please remember not to instruct your broker to sell the stock and forward the gift to Catholic Charities. This will put the tax benefits you would receive at risk.
For more information, please contact Ken Binder at 617-451-7962.
